Buy lo TOOK a while but the market is finally trading on bad news. Tomorrow is going to be as worse as today in my opinion, INTEL down over 10% AH and will not bring anything good for the nasdaq.
Looks Like I was wrong....INTC going to hurt my QLD position... Well I guess it's my turn to feel some pain.... Thinking about averaging into the QLD on the gap down on Wednesday.... Dr. Steph way to hold the TWM my friend...Nice play....It's been a jewel these past few weeks... $COSTAverageMAN
DIA almost down to 124.30 ..which means another 100 points after hours .. yes looking really really ugly tomorrow ...
BE CAREFUL!! A) Do not try to make your track record look good by risking your whole account; this market can do anything. B) Even if you average down, make reduce your position if/when there is a bounce.
i closed 70% before bell, but this other 30% gonna hurt. actually had some time to exit some of it immed after intc came out so its not too bad. its a small position and was worth the risk as the upside had more room than downside. i wouldnt be surprised to see the market fade back up tomorrow after the initial down move. i will look for another long entry then, probably around 10am, for a nice snapback.