8/13/2018 Stocks continue to go sideways. I’m getting ready to buy BABA and short QQQ.

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Hi all!  Nothing too exciting has happened in the last week so this week’s discussion will be short. 

I still like Facebook (FB) for the long term hold (1 year +).

As for BABA, I’m getting ready to buy it for the week before earnings since it seems to go up the week before earnings every time.

I also plan to short QQQ if we retest the 182.5 – 183 level with a stop loss about 3 dollars above and a profit exit 9-10 dollars below my entry.

Good luck trading!

Published by bigfry

Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU, and am currently working on a company with my twin brother. I'm currently teaching Go full time, which has been the best job I could ever hope for.

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2 thoughts on “8/13/2018 Stocks continue to go sideways. I’m getting ready to buy BABA and short QQQ.”

  1. The funny thing about the current stock slide is that all Turkey has to do is let the imprisoned minister go free and Trump will largely let up on their President. That will set the lira to slowly rebounding and there will be one less reason fro Wall Street to freak. Of course, they could always find another reason to indulge their failure set.

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