Trading Strategy: Long: ProShares UltraShort QQQ (QID) *See Notes Below* Ideal Entry: 21.45 Stop-loss Option: 20.49 Target: 24.00 Risk Rating: 4.4 QID trade setup based on the QQQ chart. QID: If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on
Trading Strategy: Trading Notes:Â With the massive on Friday, it makes the month of April the worst month for the Nasdaq since 2008. SPX closed below the March losing prices, and looks ripe to break the intraday February lows. I don't want to add more short exposure following that sell-off on Friday, as reward/risk ratio wouldn't
Trading Strategy: Trading Notes:Â The market is very much leaning towards a bounce here. My only beef with that (and it doesn't matter really because the market does what it wants) is we didn't break the February lows - instead $SPY bounced off of the March lows, keeping us from having lower-lows. No trade setup this
Trading Strategy: Trading Notes:Â I'm not looking to get anymore short here at this stage of the sell-off. Instead, today will be about managing the current positions that I already have. While the Russell 2000 and Nasdaq have both broken below their lows from February, SPX still has not. I'll be quite interested in seeing what
Trading Strategy: Long: ProShares Short S&P 500 ETF (SH) *See Notes Below* Ideal Entry: 14.93 Stop-loss Option: 14.10 Target: 16.60 Risk Rating: 3.8 SH trade setup based on the SPY chart. SH: If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter a trade after the first 30
Trading Strategy: Trading Notes: Equites look to continue on the path lower to start the week. SPY is reigniting that head and shoulders pattern, while the Russell 2000 broke out of a well developed bear flag pattern. I'm comfortable at this point with the two positions I currently have. I'm not against adding new bearish positions
Trading Strategy: Long: ProShares Short Russell 2000 (RWM) *See Notes Below* Ideal Entry:Â 23.06 Stop-loss Option:Â 22.09 Target:Â 26.75 Risk Rating:Â 4.0 RWM:Â If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on a break of the
Trading Strategy: Long: ProShares UltraShort (QID) *Sent Intraday Wednesday* Ideal Entry:Â 19.30 Stop-loss Option:Â 18.72 Target:Â 23.00 Risk Rating:Â 4.1 QID Chart based off of the price action on the QQQ Chart Trading Activity: Setups Triggered: QID Setups Waiting to Trigger:Â None Active Trades: QID Trades/Setups Removed/Closed: NVDA (NT) (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas:Â These are
Trading Strategy: Long: Nvidia (NVDA) *See Notes Below* Ideal Entry:Â 225.01 Stop-loss Option:Â 210.77 Target:Â 260 Risk Rating:Â 4.2 NVDA:Â If my ideal entry is triggered in the first 30 minutes of the trading session, I will not enter the trade. Instead, I will enter a trade after the first 30 minutes on a break of the highs of the
Trading Strategy: Long: ProShares Short S&P500 (SH) *Sent intraday Monday* Ideal Entry:Â 14.57 Stop-loss Option:Â 14.24 Target:Â 15.60 Risk Rating:Â 3.3 Trading Activity: Setups Triggered: SH Setups Waiting to Trigger:Â None Active Trades: SDS (2/3), PSQ (2/3), RWM, SH Trades/Setups Removed/Closed: None (NT=Never Triggered, 1/2=Half position, 1/3=Third position) Additional Strategies & Ideas:Â These are not official trades that I take, instead