2/14/2022 Sold QQQ at 347 last Friday for slightly above break even. Closely following Facebook stock and have a limit order at 200 (1/2 sized position).

Hi everyone, I hope you are doing well.

I sold my QQQ long position at 347 last Friday because volatility was picking up and I didn’t want a large gap down on Monday that would go through my stop loss. I originally bought it at 345 about 3 weeks ago, so I got out slightly above break even.

QQQ daily chart below:

Facebook (Meta) has been on my radar ever since the pullback down to about 290. After the disappointing earnings, it looks even better now in terms of value. Since I think large funds are still unwinding their positions, I have a half sized limit order at 200, and the other half will be purchased if it falls further.

Facebook daily chart below:

I’m still holding BABA (no changes there). I also haven’t touched any of my other long positions.

Let’s see what the market does this week!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s