HoldMySake
04-30
I closed $QQQ 20240429 433.0 CALL$  ,Market chop for 3 hours, exit here respecting intraday high. It broke up after I closed my position, but not risking the profit is important for intraday especially 0DTE, any flush will wipe you out entirely especially at mid day.
QQQ CALL
04-30 01:25
US20240429 433.0
SidePriceRealized P&L
Sell
Close
0.65+12.09%
Closed
Invesco QQQ
Trade Feed: Who is your favorite star traders?
Come to the Trade Feed Topic to find more trading opportunities! Also, please feel free to recommend and introduce fellow Tigers to the "hidden gem traders" that you've discovered!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • HoldMySake
    04-30
    HoldMySake
    Ok I felt I need to add on, note that I did not exit when it broke vwap earlier, this is because market internals still looking good hence the odd of racing down to the bottom is low, but still can't ignore the risk, hence I only added the position when the bar looks healthy in between. If you dont know the internals and market profile, you should cut when it lost support at vwap, cut at what price will depends on how hot is the knife. I averaged down to a position that I can still have small profit when the price reaching the intraday resistance, so it is important to know how to price the option. While typing this, noted the small flush at 1.30pm, you won't know if it gonna stop until it did stop, if it inch a bit further, it will kill your profit, even the QQQ added another 30 cents after covered, these option only added less than 10 cents, so it is not worth to holding on it.
  • HoldMySake
    04-30
    HoldMySake
    loll the key levels exactly as I thought, I take it as luck, remember, intraday is educated gamble, the benefit is no one will throw you out except yourself, so pay attention to the risk reward and don't be shy to take profits!
  • Small_Potato
    04-30
    Small_Potato
    Great article, would you like to share it?
  • Nggimseng
    04-30
    Nggimseng
    Nice
Leave a comment
4
59