To The Moon

Stocks experienced a remarkable turnaround on Friday, initially dipping in response to a stronger-than-expected jobs report during premarket trading. However, by the end of the day, $Invesco QQQ Trust-ETF(QQQ)$ had rebounded to close at $364.7, marking a 1.68% increase. What are your trading strategies on QQQ? Let's take a look! Congratulations to @Mythz for achieving an impressive profit of 2,111 SGD in just ONE day! Congratulations to @越南喜乐多 for securing a substantial 42.77% profit by strategically purchasing a call option on QQQ. From a technical analysis standpoint, it's worth noting that on Friday, QQQ's closing price landed just below the 2023 trendline and the 50-day Simple Moving Average (SMA). What's especially noteworthy is that Friday witnessed the highest daily trading volume since June. Besides $QQQ, you can also access QQQ through these derivatives： $Nasdaq100 Bear 3X ETF(SQQQ)$: SQQQ is an ETF that aims to provide three times the inverse (opposite) daily performance of the NASDAQ-100 Index, which is what QQQ tracks. Consider SQQQ as a hedging instrument when you anticipate a significant downturn in the tech sector. It can help offset potential losses in your QQQ positions during bearish market conditions. $Nasdaq100 Bull 3X ETF(TQQQ)$: TQQQ is the bullish counterpart of SQQQ. It seeks to provide three times the daily performance of the NASDAQ-100 Index. TQQQ can amplify gains when the tech sector is performing well. However, it's important to be cautious with leveraged ETFs, as they can also magnify losses. Options on QQQ: Options provide various strategies to enhance your QQQ trading. You can use call options to profit from QQQ's potential upward movements or employ put options to hedge against downside risk. Covered Calls: Consider selling covered calls on your QQQ holdings to generate additional income. This strategy involves selling call options on shares you already own. Protective Puts: Purchase put options to protect your QQQ holdings during market downturns. These puts act as insurance, limiting potential losses. Futures Trading on $E-mini Nasdaq 100 - main 2312(NQmain)$: Trading NASDAQ-100 futures, allows you to speculate on the future price movements of the NASDAQ-100 Index. Hedging: Use NASDAQ-100 futures to hedge your QQQ portfolio. If you anticipate a market decline, shorting NQ futures can offset potential losses in your QQQ holdings. Speculation: Engage in speculative trading by taking long or short positions in NQ futures based on your market outlook. Monitor futures contracts' expiration dates and roll them over if necessary. 🎁Rewards： Feel free to share your $Invesco QQQ Trust-ETF(QQQ)$ positions in the comment section for a chance to win Tiger Coins! If you've achieved profits from other potential stocks we don’t know, kindly share your trading strategies in your post, and remember to include the topic "Winning Trades". Hope you'll be the next one to make it onto the leaderboard~ 🧭 Share positions: