QQQ heading for 9-11 levels?

[theShadow]

buy

 

[D'ya_think]

Save that kind of insightful posting for the Yahoo Boards.

 

[BullFighter]

Originally posted by D'ya_think
Save that kind of insightful posting for the Yahoo Boards.

Amen

 

[BullFighter]

Originally posted by D'ya_think
OK so I took my lumps and got out of the Q's at about 3:55 this afternoon for 31.00.

I guess you don't like pain after all. Hope you're feeling better.

Mike

 

[DATTrader]

Originally posted by D'ya_think
Save that kind of insightful posting for the Yahoo Boards.

Yeah along with those "C'mon guys Do Ya think it'll see 31 again on Monday? C'mon help me sleep better tonight " lame ass posts. Talk about the pot calling the kettle black geesh

 

[Wonderduck]

Originally posted by topguntrader
I remember post 9-11 QQQ got down below 30 (Around 27-29 level).....Man I wanted to load up the truck but scared to death....They then rebound into 41 range. Well we are back down there again....Is it time to load up???

"Duh."

 

[Wonderduck]

Originally posted by D'ya_think
I loaded up the truck when I saw 32.20 on Friday morning. How long do you thing I'll be holding this if I simply refuse to sell at a loss?
I made the mistake of buying based on the current price in relation to previous recent prices. THEN I checked my charting more carefully and realized there was no indication that 32.20 had any chance of being the bottom. Live and learn. Now I sit on the sidelines until I can get my funds back.
So much for my second attempt at intraday swing trading.

So that was two mistakes then. First was in your entry -- but you discovered it quickly. The second was in not exiting when you realized it was a mistake. When you realized you made a mistake on buying (I'm assuming that's what you mean by "loading up the truck".), you should have gotton out right away, unless it was moving in your favor.

 

[Wonderduck]

Originally posted by BullFighter


Assuming that you still decided that you want to be an investor, the next support is at 27.42. Since we are in a DOWNtrend, there is a good possibility that if you don't get a bounce right away that you might be holding this puppy for while.

Just out of curiousity, if it continues on a downtrend, where is your pain threshold?

Good Luck,
Mike

Agreeing with BullFighter Mike ...

but who cares where the pain threshold is? If you think we're in a downtrend, sell your long and get short awhile.

 

[Wonderduck]

Originally posted by D'ya_think
You folks are not being real encouraging here. I know , that's my therapist's job not yours.

But you don't even pretend to feel my pain.

Now I will NOT sleep good tonight for sure.

I'm sorry D'ya. I really do feel your pain. We've all been there. But you really just need to cut your loss and move on. Don't get emotionally attached to your positions.

 

[Wonderduck]

Originally posted by D'ya_think
OK so I took my lumps and got out of the Q's at about 3:55 this afternoon for 31.00. Once again I'm a trader albeit a poorer one.

I will have my day with this puppy yet and regain all my loss and then some. Call it punitive awards for beating my ass so bad thus far into the game. I took the first round. The Q took round two. Round three has yet to be played.

I think I'll watch awhile while I gain a little perspective. Maybe wait for that $27 I keep hearing about.

Awwh face it, I won't be able to resist shorting this puppy now, probably tomorrow morning. I will try to resist.

The Q is quite an interesting game that deserves more attention.

Congratulations!