‌How I day trade ‌$Invesco QQQ-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Last one standing

‌How I day trade ‌$Invesco QQQ Trust(QQQ)$ ‌on Friday 23/Dec/2022

1) Enter long at $263.90 when I saw a huge spike in volume at exact 30mins after market opened. It doesn't happen everyday but sometimes it does. It could be institutions or market makers who set their algorithms to take position after the 1st half an hour of trading.

Usually I don't trade counter trend especially when all the trendlines crossover lower and RSI is below 50. However in this case I decided to go long as the huge volume at 30th min has taken out all the bears and price seems to be well supported at $263.70. So I set a stop loss at $263.30.

2) Price spiked up shortly and I took my profit at $265.50. As I said, I don't really like to trade counter trend and Christmas (mood) is coming, so I just took my profit at 1:2.5x and went to sleep. (I am more of a "night trader" than day trader since I am trading from Asia)

3) On hindsight, I could have adjusted my stop loss accordingly and let the price continue to run. But it's ok, I am aware that I am not going to become a millionaire based on 1 trade and I will always leave money on the table. Nobody will be able to enter at the lowest and exit at the highest level (unless you are the biggest market maker out there). It is important to know that we are just a small fish in the sea and we only want to nibble a little bit of what the big fish is eating and run away before we become the big fish's next meal.

I hope you gained some insights from my trade and I will post more of my trade reviews in the future. Meantime, enjoy your long weekend! Cheers.

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

zinglee
2022-12-26
zinglee
In my humble opinion, next week, Monday, QQQ might go to $250
- Last one standing:
  Pretty sure it will not go to anywhere because Monday no market…. 😂
vippy
2022-12-26
vippy
There’s nothing like seeing 33% of your investment gone in QQQ in one year and having a lot of “blue chip” tech stocks lose even more.
frosti
2022-12-26
frosti
QQQ might re-test 52 low tomorrow. Tesla is done and dusted!
Afong
2022-12-26
Afong
Great
FALCON
2022-12-26
FALCON
no
HongSteve
2022-12-26
HongSteve
Great

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It doesn't happen everyday but sometimes it does. It could be institutions or market makers who set their algorithms to take position after the 1st half an hour of trading<span>.</span></p> <p><br></p> <p>Usually I don't trade counter trend especially when all the trendlines crossover lower and RSI is below 50. However in this case I decided to go long as the huge volume at 30th min has taken out all the bears and price seems to be well supported at $263.70. So I set a stop loss at $263.30.&nbsp;</p> <p><br></p> <p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/2c1a95d6f05350c42cb06483a85f86ac\" tg-width=\"200\" tg-height=\"200\"><img><span><br></span></p> <p><br></p> <p>2) Price spiked up shortly and I took my profit at $265.50. As I said, I don't really like to trade counter trend and Christmas (mood) is coming, so I just took my profit at 1:2.5x and went to sleep. (I am more of a \"night trader\" than day trader since I am trading from Asia)</p> <p><br></p> <p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/eb8c27a4cbd921e9ec621030a2183e87\" tg-width=\"200\" tg-height=\"200\"><img><span><br></span></p> <p><br></p> <p>3) On hindsight, I could have adjusted my stop loss accordingly and let the price continue to run. But it's ok, I am aware that I am not going to become a millionaire based on 1 trade and I will always leave money on the table. Nobody will be able to enter at the lowest and exit at the highest level (unless you are the biggest market maker out there). It is important to know that we are just a small fish in the sea and we only want to nibble a little bit of what the big fish is eating and run away before we become the big fish's next meal.</p> <p><br></p> <p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/58300377bd0f52e9d62929f7f3ae5724\" tg-width=\"200\" tg-height=\"200\"><img><span><br></span></p> <p><br></p> <p>I hope you gained some insights from my trade and I will post more of my trade reviews in the future. Meantime, enjoy your long weekend! Cheers.&nbsp;</p> <p><br></p></body></html>","htmlText":"<html><head></head><body><p>‌How I day trade&nbsp;‌<a href=\"https://laohu8.com/S/QQQ\">$Invesco QQQ Trust(QQQ)$ &nbsp;</a>‌on Friday 23/Dec/2022</p> <p><br></p> <p>1) Enter long at $263.90 when I saw a huge spike in volume at exact 30mins after market opened. It doesn't happen everyday but sometimes it does. It could be institutions or market makers who set their algorithms to take position after the 1st half an hour of trading<span>.</span></p> <p><br></p> <p>Usually I don't trade counter trend especially when all the trendlines crossover lower and RSI is below 50. However in this case I decided to go long as the huge volume at 30th min has taken out all the bears and price seems to be well supported at $263.70. So I set a stop loss at $263.30.&nbsp;</p> <p><br></p> <p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/2c1a95d6f05350c42cb06483a85f86ac\" tg-width=\"200\" tg-height=\"200\"><img><span><br></span></p> <p><br></p> <p>2) Price spiked up shortly and I took my profit at $265.50. As I said, I don't really like to trade counter trend and Christmas (mood) is coming, so I just took my profit at 1:2.5x and went to sleep. (I am more of a \"night trader\" than day trader since I am trading from Asia)</p> <p><br></p> <p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/eb8c27a4cbd921e9ec621030a2183e87\" tg-width=\"200\" tg-height=\"200\"><img><span><br></span></p> <p><br></p> <p>3) On hindsight, I could have adjusted my stop loss accordingly and let the price continue to run. But it's ok, I am aware that I am not going to become a millionaire based on 1 trade and I will always leave money on the table. Nobody will be able to enter at the lowest and exit at the highest level (unless you are the biggest market maker out there). It is important to know that we are just a small fish in the sea and we only want to nibble a little bit of what the big fish is eating and run away before we become the big fish's next meal.</p> <p><br></p> <p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/58300377bd0f52e9d62929f7f3ae5724\" tg-width=\"200\" tg-height=\"200\"><img><span><br></span></p> <p><br></p> <p>I hope you gained some insights from my trade and I will post more of my trade reviews in the future. Meantime, enjoy your long weekend! Cheers.&nbsp;</p> <p><br></p></body></html>","text":"‌How I day trade ‌$Invesco QQQ Trust(QQQ)$ ‌on Friday 23/Dec/2022 1) Enter long at $263.90 when I saw a huge spike in volume at exact 30mins after market opened. It doesn't happen everyday but sometimes it does. It could be institutions or market makers who set their algorithms to take position after the 1st half an hour of trading. Usually I don't trade counter trend especially when all the trendlines crossover lower and RSI is below 50. However in this case I decided to go long as the huge volume at 30th min has taken out all the bears and price seems to be well supported at $263.70. So I set a stop loss at $263.30. 2) Price spiked up shortly and I took my profit at $265.50. As I said, I don't really like to trade counter trend and Christmas (mood) is coming, so I just took my profit at 1:2.5x and went to sleep. (I am more of a \"night trader\" than day trader since I am trading from Asia) 3) On hindsight, I could have adjusted my stop loss accordingly and let the price continue to run. But it's ok, I am aware that I am not going to become a millionaire based on 1 trade and I will always leave money on the table. Nobody will be able to enter at the lowest and exit at the highest level (unless you are the biggest market maker out there). It is important to know that we are just a small fish in the sea and we only want to nibble a little bit of what the big fish is eating and run away before we become the big fish's next meal. I hope you gained some insights from my trade and I will post more of my trade reviews in the future. Meantime, enjoy your long weekend! Cheers.","highlighted":2,"essential":1,"paper":1,"likeSize":17,"commentSize":13,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9925883150","repostId":0,"isVote":1,"tweetType":1,"viewCount":201,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["QQQ"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1283,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":105339804,"commentId":"105339804","gmtCreate":1672023121034,"gmtModify":1672023135527,"authorId":9000000000000340,"author":{"id":9000000000000340,"idStr":"9000000000000340","authorId":9000000000000340,"name":"zinglee","avatar":"https://static.tigerbbs.com/c0126a7d8aadf37410e3ec43acf556ad","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9925883150,"objectIdStr":"9925883150","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"In my humble opinion, next week, Monday, QQQ might go to $250","text":"In my humble opinion, next week, Monday, QQQ might go to $250","html":"In my humble opinion, next week, Monday, QQQ might go to $250","likeSize":0,"commentSize":1,"subComments":[{"id":105343271,"commentId":"105343271","gmtCreate":1672043115791,"gmtModify":1672043129038,"authorId":3577006213879819,"author":{"id":3577006213879819,"idStr":"3577006213879819","authorId":3577006213879819,"name":"Last one standing","avatar":"https://community-static.tradeup.com/news/c6ed1b6d3f23629b659933f021509f0c","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.03.31","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9925883150,"objectIdStr":"9925883150","type":1,"supId":105339804,"supIdStr":"105339804","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Pretty sure it will not go to anywhere because Monday no market…. <span class=\"Apple-converted-space\">  </span>😂</span>","text":"<span class=\"s1\">Pretty sure it will not go to anywhere because Monday no market…. <span class=\"Apple-converted-space\">  </span>😂</span>","html":"<span class=\"s1\">Pretty sure it will not go to anywhere because Monday no market…. <span class=\"Apple-converted-space\">  </span>😂</span>"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":105339855,"commentId":"105339855","gmtCreate":1672023196311,"gmtModify":1672023210973,"authorId":9000000000000339,"author":{"id":9000000000000339,"idStr":"9000000000000339","authorId":9000000000000339,"name":"vippy","avatar":"https://static.tigerbbs.com/c0126a7d8aadf37410e3ec43acf556ad","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9925883150,"objectIdStr":"9925883150","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"There’s nothing like seeing 33% of your investment gone in QQQ in one year and having a lot of “blue chip” tech stocks lose even more.","text":"There’s nothing like seeing 33% of your investment gone in QQQ in one year and having a lot of “blue chip” tech stocks lose even more.","html":"There’s nothing like seeing 33% of your investment gone in QQQ in one year and having a lot of “blue chip” tech stocks lose even more.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":105339900,"commentId":"105339900","gmtCreate":1672023268391,"gmtModify":1672023280866,"authorId":3479274802455671,"author":{"id":3479274802455671,"idStr":"3479274802455671","authorId":3479274802455671,"name":"frosti","avatar":"https://static.tigerbbs.com/8d59e7c960eef6f97257cc799768d81e","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9925883150,"objectIdStr":"9925883150","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"QQQ might re-test 52 low tomorrow. Tesla is done and dusted!","text":"QQQ might re-test 52 low tomorrow. Tesla is done and dusted!","html":"QQQ might re-test 52 low tomorrow. Tesla is done and dusted!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":105335220,"commentId":"105335220","gmtCreate":1671984722696,"gmtModify":1671984735872,"authorId":4090486189938120,"author":{"id":4090486189938120,"idStr":"4090486189938120","authorId":4090486189938120,"name":"Afong","avatar":"https://community-static.tradeup.com/news/42d843e57a0ce9f20e135c0e6c1e47df","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9925883150,"objectIdStr":"9925883150","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Great</span>","text":"<span class=\"s1\">Great</span>","html":"<span class=\"s1\">Great</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105335218,"commentId":"105335218","gmtCreate":1671984715403,"gmtModify":1671984728212,"authorId":3584817540991212,"author":{"id":3584817540991212,"idStr":"3584817540991212","authorId":3584817540991212,"name":"FALCON","avatar":"https://static.tigerbbs.com/c0d98873fea539ae720f8695900f4238","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.23","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9925883150,"objectIdStr":"9925883150","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"no","text":"no","html":"no","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":105335217,"commentId":"105335217","gmtCreate":1671984711867,"gmtModify":1671984724741,"authorId":3582017289473544,"author":{"id":3582017289473544,"idStr":"3582017289473544","authorId":3582017289473544,"name":"HongSteve","avatar":"https://static.tigerbbs.com/43e4d446cb5cbe9ba2c793f094906fe4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9925883150,"objectIdStr":"9925883150","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Great</span>","text":"<span class=\"s1\">Great</span>","html":"<span class=\"s1\">Great</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9925883150"}