TQQQ Short
QQQ at resistance, trendlinebreak + retest
TQQQ is 2x Bull QQQ, if QQQ down 20%, TQQQ will done 40%.
Short entry 27.1
Stop 28.6
Target 21, 16(=27x0.6)
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
TQQQ is 2x Bull QQQ, if QQQ down 20%, TQQQ will done 40%.
Short entry 27.1
Stop 28.6
Target 21, 16(=27x0.6)
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Trade active
BuyToOpen 2023 Sep Put Ratio Spread P12(sold 2)/P24 (bought 1)Limit 2.05
No Stop in Option, 2.05 is the hard stop, which is the max loss.
Note
Correction:TQQQ is 3x QQQ. if QQQ down 10%, TQQQ will done 30%.
Trade active
BuyToOpen 2023 Sep Put Spread P13/P19 Limit 0.95 -- in the morning, 2 contracts. BuyToOpen 2023 Sep Put Spread P14/P20 Limit 1.00 -- near market close. 1 contract
Trade active
BuyToOpen 2023 Sep Put Spread P16/P22 Limit 1.02Trade active
BuyToOpen 2023 Sep Put Spread P17/P24 Limit 1.03Trade active
BuyToClose Sep P13 0.29Trade active
BuyToClose Sep P12 0.21 (2 contracts)Trade active
BuyToClose Sep P14 0.29Trade active
BuyToOpen Sep P33BuyToClose Sep P24x2
Total cost: 1.13
Trade active
BuyToOpen Sep P24/P30 1.07
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.