Technical Analysis: QQQs has been in a linear regression channel for the past year so under 387 will begin retesting the bottom of the channel
Rationale: With increased news of a new covid variant, if QQQs continue to sell off, the plan is to buy and hold a $380 put for a month's expiration 12/24
Then why bother posting Short chart? Any pull back is just a buying opportunity. Unless you are trying to day trade, which over the long run will still lose money. My advice is simple and I dont even bother drawing any chart. Just buy and hold. Sell put options on any pull back.
kwancy11
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Anyone that listen to you, would have lose money big time
MalcolmInTheMoney
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@kwancy11, these are ideas. QQQ never went below my 387 level so I did not take the trade. Pretty simple to comprehend.
kwancy11
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hey FUDDY, look at the future. QQQ is just going up