This is one of the strongest stocks in the market right now with three open 2/2 gaps , more than qualifies as a TT's name too .
Personal note on my recent behavior , know thyself....
After getting bearish and shorting the 50sma loss on TQQQ, The market proved me wrong . Instead , providing wedge pops on TQQQ / QQQ .
That puts the market back into GTM and requires me to 1) buy tqqq in a specialized account ( not posted but you can bet I do so whenever there is a signal rain or shine ) 2) I am required to buy stocks , at least one ( assuming I have a valid signal ) .
I certainly don't like the news about the banks and essentially what was a bailout and one side of me wants to expect a bit of a black swan news event here , but that doesnt matter , all that matters is that I follow my strategy , and it says BUY. At least a little .... So I added one full position of ELF today and concentrated on TQQQ in separate account .
I also decided not to short in the future because even though I know it can work to make money , I didn't like being negative on the market and I especially didn't like getting stopped on my TQQQ short in the morning and having to buy TQQQ in dedicated account on the close of the same day , in between that time or really right after the stop out on my TQQQ short I was very tempted ( unexpectedly might I say ) , to buy TQQQ with a stop under the low of day near the open , but my strategy is to take my positions at the close . So that would have been impulsive and wrong and would have skewed my trading results of the swing trade Strat .
I believe those emotions were primarily caused by the short I took , although it was a valid signal taken at end of the day , the after-effect made me want to take impulsive actions , which I have done before but have gotten much better at controlling the emotions and usually I don't feel that way now in year three three of my journey . So , that made the decision simple , no more shorts in my swing trade account allowed ( I post every one of my swing trades on TV for me to use as a journal of sorts ) .
Personal note on my recent behavior , know thyself....
After getting bearish and shorting the 50sma loss on TQQQ, The market proved me wrong . Instead , providing wedge pops on TQQQ / QQQ .
That puts the market back into GTM and requires me to 1) buy tqqq in a specialized account ( not posted but you can bet I do so whenever there is a signal rain or shine ) 2) I am required to buy stocks , at least one ( assuming I have a valid signal ) .
I certainly don't like the news about the banks and essentially what was a bailout and one side of me wants to expect a bit of a black swan news event here , but that doesnt matter , all that matters is that I follow my strategy , and it says BUY. At least a little .... So I added one full position of ELF today and concentrated on TQQQ in separate account .
I also decided not to short in the future because even though I know it can work to make money , I didn't like being negative on the market and I especially didn't like getting stopped on my TQQQ short in the morning and having to buy TQQQ in dedicated account on the close of the same day , in between that time or really right after the stop out on my TQQQ short I was very tempted ( unexpectedly might I say ) , to buy TQQQ with a stop under the low of day near the open , but my strategy is to take my positions at the close . So that would have been impulsive and wrong and would have skewed my trading results of the swing trade Strat .
I believe those emotions were primarily caused by the short I took , although it was a valid signal taken at end of the day , the after-effect made me want to take impulsive actions , which I have done before but have gotten much better at controlling the emotions and usually I don't feel that way now in year three three of my journey . So , that made the decision simple , no more shorts in my swing trade account allowed ( I post every one of my swing trades on TV for me to use as a journal of sorts ) .
Trade closed manually:
Closed this yesterday on WD . Will be focused on re entry of this one for sure , unless it acts wrong in future ..
艾力克~