my buy to cover order is down around 143. Potential for much lower prices than that but if it gets really really bad you may not be able to put in trades. ETF's can go bust. Hope my broker doesn't go bust if things get really bad. what's the safest broker out their? Fidelity?
Short QQQ @ 191.65
Started by
skott
, Sep 16 2019 10:42 AM
103 replies to this topic
#32
skott
-
- Traders-Talk User
- 4,712 posts
Member
Posted 23 September 2019 - 12:33 PM
QQQ....No change in position. Previously mentioned Lion One Metals up 13% today. up 48% since August. This is going to be a BFD. Gold stocks... bullish for now. They can always correct but more bull signals have occurred. More can occur. I'm holding for months/years longer but if I change my mind I'll post when I sell.
Edited by skott, 23 September 2019 - 12:37 PM.
#33
skott
-
- Traders-Talk User
- 4,712 posts
Member
Posted 24 September 2019 - 10:14 AM
setting up another short
#34
skott
-
- Traders-Talk User
- 4,712 posts
Member
Posted 24 September 2019 - 10:52 AM
Short SMH @ 118.95 not my favorite way to enter a short but it looks like a breakdown near a significant peak and then came up to test support turned resistance
#35
skott
-
- Traders-Talk User
- 4,712 posts
Member
Posted 24 September 2019 - 11:03 AM
the market has not really broken down yet even QQQ has held an important support point and so has SMH so still testing here. SMH needs to get below 118.50 to start something
#36
skott
-
- Traders-Talk User
- 4,712 posts
Member
Posted 24 September 2019 - 11:11 AM
very large Head and shoulders top patterns in place IMO. no break down yet.
#37
skott
-
- Traders-Talk User
- 4,712 posts
Member
Posted 24 September 2019 - 11:19 AM
shorted a little more @ 119.01 I have a pretty large position now
#38
skott
-
- Traders-Talk User
- 4,712 posts
Member
Posted 24 September 2019 - 11:24 AM
anybody else on this? Anyone short at all?
#39
chr63
-
- Traders-Talk User
- 10 posts
Member
Posted 24 September 2019 - 11:51 AM
Yessir, I'm riding smh down with you here. Have a target? No other shorts yet, plan to start stocking up on sp shorts by eom.
#40
skott
-
- Traders-Talk User
- 4,712 posts
Member
Posted 24 September 2019 - 11:53 AM
SemiBizz's poll said 55% here thought both indices would make new all time highs. I say we have a good chance of testing/breaking the December 2018 lows. Not a prediction. Trading is about probabilityxriskx potential reward. This short looks good to me. Time will tell. Fed is having to inject, what? 75 billion a day into the repo market? First this was one time, then they said we canceled, now they say this is permanent? this is what I read. just a guy who works full time and very busy.
