Invesco QQQ Trust Series 1 (QQQ)

[farooq]

Beerworld,

Gut feeling some time right some time they are wrong.
On short term basis trend is stay long from 1:00 pm since yesterday, as a trader fear and uncertainty push us on the wrong side.
I bought some QQQQ puts in anticipation of drop, indicators were not there, I was trying to front run it and I paid to the piper (well I still owe him position is down) then I made money when I followed my system.

I posted my chart so folks can see where I made a mistake, which I do and I will in future too. As a group no body mentioned my mistake except for Roy. I am surprise on it.

Market will drop, when I do not know, it is just easy to stay long as it is marching up. Put your stop 10 Cents below 34 EMA, what ever time frame you are trading; and you will be happy.

Happy trading.