US market DAY / SWING trader. Proper Preparation Prevents Piss Poor Performance. Just ideas, nothing more. NOT INVESTMENT ADVICE! #trading#stocks#nasdaq
Started the day off by building some "steps" just like I talked about in that blog post. This is what these gains / positions look like. Quick in and out and I try to not let them go red after they turn green.
Now I just stay long any swings I have ($TQQQ for example today)
Might get a decent day 2 and day 3 move out of this. $QQQ 390 then 394 are the levels I'm watching.
Hourly timeframe levels matter to. I will be watching.
$TQQQ still sitting on 60% of the position. Took half off earlier, just added a little back on. Plan to hold into tomorrow. If we gap up I will set the stop on it slightly below the GAP up low.
speaking of hit and run trading tatics here are some levels on $TQQQ 3 minute chart at the moment. $151.15 will be an important spot moving forward. $146 max risk for now.
$SPY ($SPXL) retesting breakout area now. If we get a BIG gap down tomorrow consider using lows as your risk and longing that gap down for a reversal .