TigerOptions
2023-07-31
$Invesco QQQ Trust(QQQ)$ 

Scalp trade QQQ put for small profits [Tongue] 

Making use of opening range breakout and fib retracement to find my entry and exit points. [Miser] 

When the price broke down from opening range with increasing volume, I entered my position (green arrow).

Sold 1/3 when the price dropped rapidly at first red arrow, then sold 1/3 at 1.618 golden fib ratio, wanted to hold the last 1/3 for moreprofits. Unfortunately, it hits my stop-loss and I sold the remaining 1/3. However, managed to minimise my risk to avoid greater losses. 

Overall, a great trade for me. [Sly] 


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Comments

  • snixxx
    2023-08-02
    snixxx

    Bears thinking this is the moment only to watch their shorts and puts get torched tomorrow. Futures barely down indicating the strength of the bull market

    • TigerOptions: 
      Cool, this is the start of bull market [Heart]
  • kookiz
    2023-08-02
    kookiz

    Sold 2/3 of ALL my longs in the aftermarket. Took a sizable SQQQ position at 17.24. Bought some gold miner stocks as longs.

  • frostiix
    2023-08-02
    frostiix

    "Markets" have been looking for a reason to sell off ! "They" now have the "reason" !

  • jingli
    2023-08-02
    jingli

    Huge news and the QQQ is down a whopping 0.2% after hours. They gonna cover up the price move again

  • zookie
    2023-08-02
    zookie

    Going to sell end of day. July pattern is getting reversed. Low of day coming into the close

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