25Feb2:56 pmEST

Driving Down the Road to Perdition; Chess Moves


I went long SQQQ at $25.27 with a tight stop-loss below $25 for a potential day-trade, shorting the Q's on the AAPL weakness. SQQQ is a ultra-bearish levered ETF derived from the Nasdaq-100. 

I may very well turn this into a swing trade, though, depending how the final hour plays out today. So stay tuned.

This position amounts to roughly 4% of my trading portfolio capital. 

AAPL has been weak all day, while QQQ was green. So, I am playing for QQQ to follow AAPL down some more after a hot winning streak the past two weeks. 


Still Climbing the Snow Final Round in a Heavyweight...

 
BackToTop
 

This website is intended for educational purposes only. | © 2019 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site