The next blog post will still be on Friday or the weekend, but I wanted to let you know of a few trades that I’m currently in or likely will take.
I’m going to be shorting QQQ with hard stop loss at 179 and a mental stop at 178. My target is near 162-163, but I might take profits near 168-170 as well. I don’t like shorting uptrending stocks, but everything is lining up nicely for a low risk short position here.
I manually stopped myself out for a small loss on WB at 101.5 earlier this week, and added a large long position to MGM at 30. I also added a short position on SIG today with a stop at 60.51 and target at 51.
See you in a few days, and good luck trading!