QQQ
Gapped down and got sold off. It recovered pretty well however a lot of stocks that broke out either revisited prior day lows, or reversed their move.
All moving averages are aligned. 10 > 20 > 50.
10, 20, and 50ma are sloping UP.
My current risk given the market environment: Full Size
What I did today
Took profits today and got stopped out on 2 trades. Tried GLD short after the the initial dump - didn’t make any money there as it consolidated and chopped me up.
ASTS stopped out on it today from buy yesterday. Closed right at the high. Result of a volalitile environment.
PL same as ASTS. Didn’t move much after I got stopped out. Might need more time.
LUNR sold the rest of my position in this for a gain.
UGL this is were most of my losses were today. Tried to get short AFTER the morning dump and never really went lower.
Prints:
Equity + Holdings:
Only frustration today was risking too much on GLD short via UGL. Tried it too many times and never really moved in my favor. Other than that, everything else was to plan. Good thing MU is still working as SNDK reported amazing earnings. Will continue to trail and be patient.
Down about 1.5% on the year due to back to back losses. Lots of year left. Need to be patient for the good period which can be right around the corner.
Always appreciate your honesty. Market has been really volatile