Like any other of the historic bubbles, you trade this one the same way: buy the dip, sell the rip, re-enter, hedge, get ready to exit ASAP.
You can whine about the FED etc but TRADE THE MARKET AS IT IS, or get out! So many people complain about the market; but, if you are trading then you must trade the market as it is or just don't!
My method is the same as it was in 20072009... and all the mini bubbles and the major melt-ups since then: ST big size position,
hedge PUTS, deep in the money PUTS at least two expiration periods away. roll the PUTS or close with a loss, and wait for the BIG SELL. Or, trade ST and VST
end of day status:
1 NQ LONG hedge - may buy another one at lower levels
29 QQQ PUTS - did a bit of day trading in this
19 SPY PUTS
2100 XLF LONG in LT Portfolio - keeping this for a while but will close anytime appropriate.
NORTHMAN TRADER:
How to navigate through our new nationalized markets? Buy the dips, sell the rips and watch your back as we’re witnessing a historic asset bubble that could pop at any time or take on ever more extreme proportions as nothing and nobody is stopping central banks from continuing to inject liquidity into the system.
But tech is increasingly dangerous and the bifurcation in market performances getting ever more apparent, a point I highlighted this morning on CNBC
https://northmantrad.../06/the-bubble/
