This is the triggered short mentioned to Nine_Ender. See previous post for the current STOP for this particular trade STOP = 316.55
Planet Earth's ultimate Short side game began Nov 2021
- Thread starter margin_gamble
- Start date
This is the triggered short mentioned to Nine_Ender. See previous post for the current STOP for this particular trade STOP = 316.55
STOP is removed because price is approaching on a rally. So no STOP for now until the 5-min. today's low is taken out to the downside. Kapiche?
i.e. NO STOP on the last short. It will be plugged in as soon as Q goes below 312.53
QQQ new short 312.2 ............ will trigger on the way down, same as others except for one that is in play triggered already.
Nice try!
I have Shorts plugged in at the various levels shown - these will trigger when the market turns down. See for yourself. Everything is in the thread with time stamp. Nothing has triggered YET except the last one and on that one read how I had already removed the STOP to give it some room due to waning momentum.
I have no losses whatsover in QQQ. I hope to make all those shorts come true when they trigger soon hopefully I will try to hammer the current top on Monday if I can.
So summarizing, no QQQ losses this time baby, but nicely setup for huge gains if Q is topping and tops
Your macro call is on post #1 of this thread. Even if you didn't trade your call you lost the opportunity cost to make significant money LONG since like I did. I can't explain this to you any clearer perhaps understanding this is beyond your capabilities.
The most recent Stop has been ignored and changed. I don't usually do this but this time the momentum rise on the last wave up was so feeble that I thought it would be OK. This only applies to the most recent trade the only one that has triggered and is in play. The others are not yet triggered and the hope is they will trigger on the way down
Current triggered short has an unrealized loss ongoing
Love your input Nine_Ender, keep it coming and remember you are invited to hammer me real good - I sure as heck need it to conquer my own stupidity, my worst enemy.
But here's the thing ............ I cannot take you too seriously because you are an armchair trader, which as you know is a no-brainer even for the likes of Bubba. If you at least put on a trade, the DATE/Time stamp of ET would disabuse me of the notion that you are not for real. Pls do this. I like you and want to believe you but I cannot.
Dear deaddog,
Don't hesitate to question anything I do to clear up for yourself. If I post it here and it confuses anyone, shoot me a question and I will do my best to answer it. But keep in mind I am a loser now and then a winner most often but one never knows when a good luck wave rewards me.
I am her at ET to learn and to improve and the best way I know how is to learn from my own stupidity whcih in the heat of battle of trading is very hard to do but for an observer is very easy to see. This is why I love Nine_Ender. He will always hammer me real good.
deaddog, subtract 313.66 from current Q price for my current loss on this one particular trade ongoing. I darenot mention actual $ numbers no more as Indian guru told me not to do so, its bad luck and very detrimental. but you can figure the $ amount for yourself but keep it amongst yourselves and laffff out loud.
Who told me this in private? This guy, Will Smith's best friend. He even defended Will after the slap at he Oscars.
For deaddog,
another reason for my messing around with this particular STOP is due to the fact that the monthly massive resistance to QQQ sits at 23.6% = 318.18. I got to give Divinity a chance to help me. It takes courage and divinity likes to see intelligent courage although I am unsure if I am intelligent in this play. My heart says NO but my Soul demands it so I went with it.
To see this 23.6% level one must switch away from the 5-min. chart for a bigger perspective although the level is now also clearly seen on the 5-min
QQQ 5-min showing the red dashed line at 23.6% where QQQ is now at
QQQ daily timeframe showing the same 23.6% level for the larger view
another reason for my messing around with this particular STOP is due to the fact that the monthly massive resistance to QQQ sits at 23.6% = 318.18. I got to give Divinity a chance to help me. It takes courage and divinity likes to see intelligent courage although I am unsure if I am intelligent in this play. My heart says NO but my Soul demands it so I went with it.
To see this 23.6% level one must switch away from the 5-min. chart for a bigger perspective although the level is now also clearly seen on the 5-min
QQQ 5-min showing the red dashed line at 23.6% where QQQ is now at
QQQ daily timeframe showing the same 23.6% level for the larger view
What I don't understand is the thinking when it comes to moving or rather removing a stop. At some point in time the stop was chosen as a point where the market would prove you wrong.
Posting in real time possibly fires up the ego and makes you want to be right. Moving a stop shows that being right is more important than following your plan. It's one trade, a partial position by the looks of it. Small losses are part of trading, don't let your ego talk you into letting a small loss turn into a bigger loss.
Close the trade, take a small loss, reassses the price action and wait for the next set-up.