QQQ
Gapped down and stayed heavy all day. Most stocks are very broken.
With underlying destruction like this, it’s best for me to step aside and let the market do it’s thing.
My current risk given the market environment: No trading.
What I did today
Nothing
Prints:
N/A
Equity + Holdings:
Haven’t really done anything in the markets which is why I haven’t posted. This kind of destruction we are witnessing could be the very beginning of a correction.
During these moments, I’ve gone back to my older conversations with a good trading friend of mine. After a correction, we’ve continuously have talked about “we should have just f****** waited”. It’s really that simple. However it is hard since it’s pretty easy to just put a trade on.
Best to take things easy, know what environment is the most favorable and wait for the correction to pass.