What happened on this chart?

Discussion in 'Trading' started by KGTrader4, Oct 4, 2022.

  1. KGTrader4

    KGTrader4

    tax deferred. I pay ordinary income tax on withdrawals. I did some of this in my non Ira account, then realized, it makes no sense, because of wash sale rule.
     
    #61     Oct 6, 2022
  2. KGTrader4

    KGTrader4

    I haven’t been. I know I should. When I have a position on , I’m glued to the screen. I only trade when I’ve got nothing else important to do.
    No trading tomorrow, having surgery
     
    #62     Oct 6, 2022
  3. SunTrader

    SunTrader

    So you must be aware of the (PDT) pattern day trader rule - where you can only do 3 trades (3 buys & 3 sells - not 6 "vinny trades") in a 5 day period unless you have $25,000 or more in your trading account?

    Anyway what was the outcome of today's TQQQ trade? Do you hold till the close, hell or high water?

    edit: I see last post. GL with surgery, hope nothing major. No need to provide any personal details though.
     
    #63     Oct 6, 2022
  4. KGTrader4

    KGTrader4

    Yeah I’m aware, but it doesn’t apply to me, I’ve got more than enough assets to skirt the rule.

    i posted above, todays Tqqq trade was a $198 gain. Small trades, actually bought in two accounts. I don’t like holding these things overnight. In fact I don’t like holding them for more than a few hours.

    re surgery, thanks. No biggie, trigger fingers, right hand. I’ve had 3 of these surgeries already.
     
    Last edited: Oct 6, 2022
    #64     Oct 6, 2022
  5. SunTrader

    SunTrader

    Here is what I noticed mid-aft (note I don't trade stocks/ETF's) lower highs which if I was long would have told me chances are it is not going to go much higher than it has already, and likely to continue to make more lower highs/lower lows:-
    !TQQQ.png
     
    #65     Oct 6, 2022
    KGTrader4 likes this.
  6. KGTrader4

    KGTrader4

    i sold it pretty much for that reason, my sale was at 1:48 pm (and 1:53 in second account) which as you can seeon your chart was the second time it got rejected just above $22.50

    upload_2022-10-6_18-57-11.jpeg
     
    #66     Oct 6, 2022
    SunTrader likes this.
  7. not everyone has a RH or WEBULLS 4 figures account account size like u…I’m a whale, i buy $25k worth of stonks per trade thru out the day. So pdt rules don’t apply to me.
     
    #67     Oct 6, 2022
  8. why tqqq instead of sqqq today?
     
    #68     Oct 6, 2022
  9. KGTrader4

    KGTrader4

    I hadn’t gotten a chance to look at the market until around 10:30,when TQQQ had given up all it s opening move gains. It looked like it was starting to move back up, so I hopped on. Just didn’t make the sustained move I wanted, so I got out when it felt “directionless”
     
    #69     Oct 6, 2022
    SunTrader likes this.
  10. STQQQ-quotes.PNG
    Why are you guys trading SQQQ and TQQQ instead of NQ/MNQ futures ?
    What's the advantage ?
    Lower Commission/Fees ?
    Better liquidity / better fills ?
     
    #70     Oct 6, 2022