Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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10:04 |
Looking for a tradeable bounce in SQQQ (Ultrashort QQQ) from 74.86. Currently 75.73 and falling. TI=21 cents. // 74.59 so-far low implies 74.80 entry trigger. // 10:26 Triggered, stop 74.58, p=75.01 for first partial profit. //10:27 out of half; p2=75.21, d=75.42 // 10:29 p2 hit, but I’ll wait for d=75.42 to take off another 25% //10:33 Correcting d to 75.39, out 25% more at 75.27 on ‘dynamic’ trailing stop; remainder stopped at 74.55 for a swing at the fence. // 10:38 d=75.39 exceeded by one cent. That could be it for the rally, but I’ve locked in a profit and don’t much care. Immediate potential (i.e., the ‘fence’) above 75.40 is to 76.37. A 75.46 print is needed to put 76.37 theoretically in play. // 11:50 Exiting the balance with SQQQ trading at my ‘fences’ target, 76.37. |