Nasdaq has topped

[bone]

Crude never bought into the idea of a "selloff".

It looks rather bullish with a strong trampoline to provide support just in case the thread snaps.

anyway, I guess you have already collected some decent profit from shorting NQ.

despite all the covid crisis, the market is rather bullish.
copper etc keeps on breaking new high.

 

[Master Pu]

Still hope.

 

[tiddlywinks]

Still hope.

I guess the question is... if necessary, are you comfortable holding over the weekend?
Of course, playing the DAILY, you'd have to wait until the close if your target or stop is not hit before, which makes a weekend hold like a play for a down opening gap.

Oh well, it is a good entry and a good trade until it isn't.
That's a truth, but it is not my trade style.

Have a great maskless weekend!!

 

[Master Pu]

In hindsight, I should have hedged by going long via another account when NQ came close to my target and especially upon a double tap of that level. Live and learn!

 

[Overnight]

In hindsight, I should have hedged by going long via another account...

Don't say that in mixed company, because if the CME finds out they can ding you for a wash trade. It's still a grey area, especially for small investors, but not worth the hassle.

 

[Master Pu]

Don't say that in mixed company, because if the CME finds out they can ding you for a wash trade. It's still a grey area, especially for small investors, but not worth the hassle.

I didn't have to go long NQ necessarily, no issues as far as I'm concerned. The main point is that there should have been a hedge at that time.

 

[Overnight]

I didn't have to go long NQ necessarily, no issues as far as I'm concerned. The main point is that there should have been a hedge at that time.

You could legally hedge by going long in 10 MNQ per NQ short in same account, since they are two separate instruments. Just FYI stuff. (Yeah yeah, a bit extra commish, but alas).

 

[Master Pu]

I will definitely exploit this strategy in future trades.

 

[Relentless]

Was a good trade and it may still play out. Could have taken some off I suppose and let the rest ride. But I respect sticking to original strategies.

Tough to be short these days. It's a rigged game. You'll get plenty of short opportunity before year end - probably much sooner than that.

 

[Master Pu]

Was a good trade and it may still play out. Could have taken some off I suppose and let the rest ride. But I respect sticking to original strategies.

Tough to be short these days. It's a rigged game. You'll get plenty of short opportunity before year end - probably much sooner than that.

Thanks bud!