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 graduated from Boston University in May of 2020. I majored in Finance and minored in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences. Outside of stock trading/investing, I enjoy teaching and playing piano, fishing, watching anime, and teaching/playing "Go," an ancient Chinese strategic board game.

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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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