Tough, really taking a pounding, but NQ daytrading as well as holding overnight QQQ longs, and trading from very early when the European markets open have helped me reduce losses in my overall Risk Portfolio.
QQQ options and VXX trading is down 63% even after rolling over and daytrading QQQ Calls. Still almost 100% short but about 25% of QQQ puts are down by about 80%!! Almost worthless in terms of $$ but two months away from expiry.
It has been my best NQ daytrading and the best daytrading of any instrument since I began trading 36 years ago. But, I did hold on too long to my bearish views in equities and am still holding on.
This bubble is bigger than the DOT COM one and will burst with a BIG BANG.
Trading for more than 12 hours per day for a few weeks has been tough but I enjoy the challenge.
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