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.
Limit 2.05
No Stop in Option, 2.05 is the hard stop, which is the max loss.
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
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 1.02
Trade active:
BuyToOpen 2023 Sep Put Spread P17/P24 Limit 1.03
Trade active:
BuyToClose Sep P13 0.29
Trade active:
BuyToClose Sep P12 0.21 (2 contracts)
Trade active:
BuyToClose Sep P14 0.29
Trade active:
BuyToOpen Sep P33
BuyToClose Sep P24x2
Total cost: 1.13
BuyToClose Sep P24x2
Total cost: 1.13
Trade active:
BuyToOpen Sep P24/P30 1.07
TQQQ is 3x QQQ. if QQQ down 10%, TQQQ will done 30%.