Hi everyone. I’ve been looking at shorting something and since Apple just had earnings and is the biggest component of the QQQ, I decided to short it at 147 today. I also bought a 1/5th sized position in BABA yesterday at 196.29 as planned. You can find the BABA chart with my trade plan from the previous blog post.
Aapl daily chart below. It has dropped the last few times after earnings, so I shorted at 147 today. It also acts as a hedge against my long positions.