I was/am short a huge amount since dec 13th. You must not be reading my posts. Im short too much already.
Sorry skott, I did not remember. At my age nearing 83, I can barely remember what I had for breakfast.
Good luck with your trades.
I could be completely wrong but I have a feeling the really big drop is about to start
Started by
skott
, Feb 16 2023 05:15 PM
40 replies to this topic
#21
pdx5
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I want return OF my money more than return ON my money
Posted 17 February 2023 - 09:15 PM
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#22
skott
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Posted 18 February 2023 - 12:21 AM
I was/am short a huge amount since dec 13th. You must not be reading my posts. Im short too much already.
Sorry skott, I did not remember. At my age nearing 83, I can barely remember what I had for breakfast.
Good luck with your trades.
No worries.
#23
SemiBizz
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Volume Dynamics Specialist
Posted 19 February 2023 - 10:52 AM
Interest rates are all going to DOUBLE DIGITs...
It's a 40 year cycle.
Get over it.
Get prepared.
Cash is King.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#24
skott
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Posted 19 February 2023 - 06:45 PM
you mean CRASH is king?
#26
skott
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Posted 21 February 2023 - 01:12 PM
I did say QQQ 297 was pretty important support. We opened down below that, dropping out of the strong 300-302 support area, and tried to rally. It couldn't make it to 297. So now that is resistance. As I said before 290-291 is the next very very important line in the sand. if that breaks clearly and continues, we are looking at a test and failure of the recent Oct/Jan lows and then onto eventually below 200
#27
skott
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Posted 21 February 2023 - 01:21 PM
Look back at a Chart of QQQ. I made the comment of the big drop on Feb 16
#28
skott
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Posted 22 February 2023 - 12:00 AM
Short term turns into long term
#30
skott
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Posted 22 February 2023 - 11:35 AM
Still short everything and didn't even close out that last tranche of Short MSI position I put on at 269.64. I saw that the Chairman and CEO has been a pretty heavy seller at the highs back in Oct , Dec and just last week he sold alot so I actually have a profit on that now. My targets if all goes well is to close half at 216 and the rest near 175
Other shorts QQQ, SMH, XLE, XLI, XLV, XLK and Long quite a bit PSQ (short QQQ fund) in my Roth IRA
I put most my shorts on the open of Dec 13th and the rest on the rally rebound to slight new highs. A gift from the boggleheads
As a group I'm at a profit as of now on all combined positions.
Edited by skott, 22 February 2023 - 02:33 PM.
