Invesco QQQ Trust Series 1 (QQQ)

[farooq]

Roy

On Tuesday evening my option account was invested 80 % of the value in May 45 calls, because it was huge concentrated position so I was uneasy and sold prematurely. Today it looks I sold at right price.

Program is creating lot of small signal and more difficult to trade profitably and Theta is evaporating more then appreciation. I might take a break soon.

Thank you for kind words.

Smartone,
I take crossover in to consideration but my primary signal is CCI 144 with 12,6 Signal cross over towards 200,100,0,-100,-200 and RSI 14 with signal 5 and MACD normal default. I also use EMA 3/8 and EMA 34 along with LSMA 34 and I am becoming more of LSMA fan now.
I will write down after hours about explanation of my system if you need. It is not foolproof as you have seen I take losses either because of my greed or misinterpretation. Some time it is simple whipsaw.
If there are losses make trade size smaller.
I some time start with 2-5 options once I am more sure about signal then I buy full strength.
How you place your order?

Farooq