I didn’t think we would get another move up, but since we did, I decided to go short. My stop loss is in the 198-200 range with a target in the mid 170s. Below is the weekly chart of QQQ.
I’m a little concerned that we will reach 198-200 before a downwards correction, but we will have to see what happens next week. By the end of next week we should see which direction the stock market wants to go. I still suspect it’s down otherwise I wouldn’t take this trade.
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 programming, teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU.
I'm currently teaching Go full time, which has been the best job I could ever hope for. I'm also currently attending the App Academy bootcamp which started in January 2023.
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