Not believing this bounce May 10th

[KGTrader4]

Bought 1/2 position QID this morning at $23.54. If we get a serious countertrend rally, I'll buy the other half at $18 ish.
Not a trade (well, i guess it is), buying this as a hedge against my 32% equity position. I just cant find any stocks i own at this point that i want to sell, based on long term prospects, although if we do get that countertrend rally i might sell some calls on some positions.

 

[smallfil]

Bought 1/2 position QID this morning at $23.54. If we get a serious countertrend rally, I'll buy the other half at $18 ish.
Not a trade (well, i guess it is), buying this as a hedge against my 32% equity position. I just cant find any stocks i own at this point that i want to sell, based on long term prospects, although if we do get that countertrend rally i might sell some calls on some positions.

Just a suggestion. Keep stocks trending up, sell those trending down. You want the strongest stocks to hold, the weakest stocks----you get rid of or short using put options. QID is headed up based on the stockchart. Put a stop loss @ $20.18 GTC.

 

[KGTrader4]

Just a suggestion. Keep stocks trending up, sell those trending down. You want the strongest stocks to hold, the weakest stocks----you get rid of or short using put options. QID is headed up based on the stockchart. Put a stop loss @ $20.18 GTC.

I know that you are right thats the thing to do to protect capital. I just find it hard to sell stocks like MSFT which i own at $170, sold half my position at 330, and plan to hold forever. Same with GOOG, AAPL. On the other hand, i sold AMZN which i felt the same way about, at $2910 and am happy i did (the question is where to buy it back, i think its 17-1800.

Will see how things develop

 

[KGTrader4]

Bought more QID as i saw it working out. Cost is now $24.08. I think i own enough of it now that it will make a difference if the market continues its current trajectory

 

[smallfil]

I know that you are right thats the thing to do to protect capital. I just find it hard to sell stocks like MSFT which i own at $170, sold half my position at 330, and plan to hold forever. Same with GOOG, AAPL. On the other hand, i sold AMZN which i felt the same way about, at $2910 and am happy i did (the question is where to buy it back, i think its 17-1800.

Will see how things develop

Trail your stop losses and let the stop loss decide when you should sell your shares. That way, you ride the trend up as long as it lasts. Eventually, your GTC stop loss gets triggered, your shares get sold and you can count your profits.

 

[murray t turtle]

Bought 1/2 position QID this morning at $23.54. If we get a serious countertrend rally, I'll buy the other half at $18 ish.
Not a trade (well, i guess it is), buying this as a hedge against my 32% equity position. I just cant find any stocks i own at this point that i want to sell, based on long term prospects, although if we do get that countertrend rally i might sell some calls on some positions.

%%
QID is so close to 52 week highs+ extended above 200dma. Most likely uptrends more/ on 200dma.
I had planned on doing some thing else today+ not trading/ but SPY + QQQ ,DOW futs related up, would most likely be a good inverse buy day[premarket futures up\countetrend.]
Possible QID dips below MAY month low of $20\ but not likely.
Possible i buy TQQQ, last hour today, meanwhile/inverse ETFs looking good + green today, yesterday/ most of MAY. None of this is a prediction......

 

[KGTrader4]

%%
QID is so close to 52 week highs+ extended above 200dma. Most likely uptrends more/ on 200dma.
I had planned on doing some thing else today+ not trading/ but SPY + QQQ ,DOW futs related up, would most likely be a good inverse buy day[premarket futures up\countetrend.]
Possible QID dips below MAY month low of $20\ but not likely.
Possible i buy TQQQ, last hour today, meanwhile/inverse ETFs looking good + green today, yesterday/ most of MAY. None of this is a prediction......

qqq chart is what motivates me on inverse qqq . I bought the first lot when qqq was +200

 

[KGTrader4]

Trail your stop losses and let the stop loss decide when you should sell your shares. That way, you ride the trend up as long as it lasts. Eventually, your GTC stop loss gets triggered, your shares get sold and you can count your profits.

Makes sense

 

[nitrene]

The Nasdaq is pretty scary. There is no sustained bounce on this thing.

Looks to me like December 2018 redux, when it fell 17% in the first 3 weeks. I doubt JPow has the stomach for that kind of collapse. On Christmas Eve 2018 he reversed course and decide to cut rates again.

 

[murray t turtle]

I know that you are right thats the thing to do to protect capital. I just find it hard to sell stocks like MSFT which i own at $170, sold half my position at 330, and plan to hold forever. Same with GOOG, AAPL. On the other hand, i sold AMZN which i felt the same way about, at $2910 and am happy i did (the question is where to buy it back, i think its 17-1800.

Will see how things develop

%%
MSFT + QQQ are some of the best top trenders of all time;
but past year or 2 , QQQ, QLD have underperformed SPY mostly.
Congrats on noting MSFT monthly topping tail in $330 area even though\ only the next month, MSFT closed higher.......