To The Moon

I closed $QQQ 20240513 440.0 CALL$  ,Gap fill reversal play - wait for overnight high to fade and fill the gap, sometime the gap may only filled partially some time it will overshoot, it all depends on pre market and internals reading as well as key levels the chart give us, for today pre market it actually filled the gap at pre market opening but given the important economics data coming up this week and we are at near all time high, gap and go may not happen even pre market has fill the gap, so put may be a good option but looking at the trend up pattern of MA at pre market, you may get burned heavily if you put right at the open, very high risk to do that, turn out, high risk high reward is true, missed the put so look

Moon mission need money, take off and climb burns most fuel aka money, these money needs to be earned somewhere, from an existing profitable business.  To meme stocks, once it take off you are already late to the party, you may see the potential rewards aka the distance from earth to moon, but many actually miss took it as rewards, as an investor your rewards should be the tickets revenue collection, to recover the money you spent on fuel, space vehicle, moon mission, etc, this also known as risk transfer, yes business is all about transfer of risk and rewards, here the distance is actually a risk, a huge risk, but was being advertised as rewards, so the tickets can be sold, so the risk and rewards can be transferred, so the profit cycle can be continued.  If you buy into the mem

I closed $QQQ 20240510 440.0 CALL$  ,Usually consumer confidence should not move the market that much, didn't expect such volatility but since today is Friday so kind of make sense. QQQ opening is a quick clearing of pre market imbalance and rush to ATH, did a quick scalp at 444.31 but didn't exit before 10pm just in case, sadly market reacted on this bad news, so bads news is good news does not always work 😅 Was looking for gap fill reversal but I jumped the gun got in at Tuesday heavy distribution zone now support zone, apparently the it didn't hold well and continue to knife through the yHoD, next entry call at yONH, normally I will wait for retest but I jumped the gun again, it did bounced up but was rejected around M

Happy to receive the badge, will share more if there is more likes and followers 😀 

I closed $QQQ 20240509 436.0 CALL$  ,With the initial job loss claim spike through thr chart, pre market was excited but notnas crazy as last week and start to fade from pre market high, as the overnight inventory is 50:50 there is really no direction before the opening, but given the pre market high was rejected from yesterday high, maybe there is a chance to put right at the opening but too risky given the bad news is the good news we had at 830pm, so wait for the market to find its opening range, as the market reach the key level at 438.5 and the pre market has respected this overnight low, this could be a good level to call, and it shoot right back up to yesterday high with some rejection as the market is watching nvd

I closed $QQQ 20240503 432.5 PUT$  ,Quick scalp at the multi timeframe resistance of NQ 18000, the PMI move is woa, out for today, next week will be less volatile with no economic data, no more surprises.

I closed $QQQ 20240502 425.0 CALL$  ,Has been watching the price action within the opening range, with the opening that with no buyer at all, it is gonna find the bottom, as I didn't not put at the opening, the rnr becoming lesser and lesser attractive so wait the bottom, as the yesterday opening being broke twice and no meaningful support there, wait for the market panic sell, to make this happen and given the sentiment since opening, buyers will wait for the broke of yesterday low for an optimal entry, however the internals are not healthy so far, so a quick scalp with low delta maybe a better risk management and rnr.

I closed $QQQ 20240501 422.0 CALL$  ,Quick scalp, the idea is wait for an entry near overnight low, then exit at avwap from the previous lower high. It did continue to go up but rejected at vwap and created another lower high. It is pretty easy to trade on the late morning session of FOMC day, just watch out the extreme IV and crazy time decay, don't be greedy and you are fine.

I closed $QQQ 20240430 427.0 CALL$  ,Take a look at the latest order I posted！

I opened $QQQ 20240430 427.0 CALL$  ,Scoped a call here at the edge of fair value zone, target vwap also the edge of fair value zone from the morning session or before the end of wall street lunch break. Cut if failed to hold a higher low at 5 minites time frame.