NQ1! aka QQQ the nqz20 . Schwab Bro:: NQZ20 it's $20 per 1 pt
The NQ went down 300 points today so that would be a $6000 loss for 1 contract.
To Kauai Dave's Trend Traders or wave riders it is nothing in the grand scheme of things. I bought 45 more shares today
and if we go down tomorrow i will buy 45 more.
WE buy at S4. I'm going to hedge with 300 shares of SQQQ.
To Kauai Dave's Trend Traders or wave riders it is nothing in the grand scheme of things. I bought 45 more shares today
and if we go down tomorrow i will buy 45 more.
WE buy at S4. I'm going to hedge with 300 shares of SQQQ.
Comment:
Please read this.
Comment:
he idea has been posted that we go down to the 200 DMA in yellow, you can see from this chart that the green 100 DMA would also be a natural place to bounce if we continue to correct. If you are in on the TQQQ trade, now is the time to buy some insurance shorts SQQQ just in case. It takes 300 or 400 SQQ to cover for 100 TQQQ.
Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ