Swing Trading QQQ

schizo said:
Just got booted out at 445.25.

But as you might know, my stop almost always aligns with the reversal. So I wouldn't be surprised if they go back down. Ggrrr.
More...

Sorry you got stopped out.

One question if I may, have you considered (for your counter-trend shorts) entering on downward momentum and very quickly tightening the stop / moving it to breakeven (à la Laissez Faire), instead of giving it this much room? I understand trying to catch a reversal, but sometimes I get the feeling you're half as stubborn as me.

(It's an honest question, I have great respect for you as a trader and I'm sure you're doing much better than me).
 
I can see this squeeze another 10 points into the Close for the ultimate death stab of the bears (sorry, @schizo).

NQ seems to have a vacuum to the upside.

Holding lottery tickets here:

EDIT: Flat at 71 on a trailing stop for + 22 points. Lucky day.

upload_2024-5-14_21-18-38.png
 
Last edited:
Amazingly TLT went higher even after a hot PPI. Looks like the bond traders expected that number but the financial commentators all thought it was hot so there seems to be a disconnect.

I think unless TLT breaks hard downwards this slow & steady climb upwards continues.
 
Picaso said:
One question if I may, have you considered (for your counter-trend shorts) entering on downward momentum and very quickly tightening the stop / moving it to breakeven (à la Laissez Faire), instead of giving it this much room? I understand trying to catch a reversal, but sometimes I get the feeling you're half as stubborn as me.
More...
I'm a real stubborn SOB, that's for sure. :D Since this was a swing trade, I decided to go with a large stop, which I don't normally do with my daytrades.

Anyway, you got me thinking about the "what if": What if I can only go long and cannot trade counter-trends? This would definitely change the way I see the market.

giphy.gif
 
nitrene said:
Amazingly TLT went higher even after a hot PPI. Looks like the bond traders expected that number but the financial commentators all thought it was hot so there seems to be a disconnect.
More...
But bonds and equities are not supposed to be bed buddies.
 
You must log in or register to reply here.
Back
Top