QQQ Trade on Jun 26, 2020 10:01 from spyrosz: Tradervue User Stock Trades.

Great trading here.

Trading SPY or QQQs wasn't my main focus today.
Things changed when I saw FB crashing at open, losing $4 in about 10-15mins.
Believing that I already missed the move on FB, I switched over to QQQs to see if tech was weak in general.
-- QQQs were selling off lower, breaking and holding below S1=$244.5-245 area.
-- Same time SPY lost $306 important support/inflection level and moved lower to $304.8s (price resistance from previous day).
-- I liked the price action on both ETFs (QQQs, SPY). QQQs were bear-flagging below support while SPY was trying to hold above $308.6, but looked so weak unable to bounce higher, even at VWAP.

So game on. I chose QQQs due to FB weakness.

Got short Tier 0, risking above VWAP $245s, added through bear-flag break, expecting the flush to S2=major daily support=200EMA@60min chart=$242.75.
(-) I could and should have added max. size (A+ setup) on the micro-flag/consolidation below $244 just before the flush to S2.

Covered 75% in-front of S2=$242.75, holding rest with stop above $244.5s, thinking we would get a bounce, and I would be able to re-short at higher prices.
Well, that never happenned as QQQs didn't even blink at S2 and flushed lower.
Covered more in-front of the S3=20SMA@daiy, held tiny size with stop above VWAP.

QQQs went all the way to $240 before bouncing hard back to VWAP. I saw that bounce as a market gift and started:

scaling in back to the short very carefully, willing to risk up to $244, and upon more+more confirmation that VWAP was resistance, expecting the retest of LOD=$240.5s.
Algos stop-short run above VWAP was a gift..Quickly trimmed a bit of the position and put it back at higher prices, closer to stop.

Covered small piece in-front of $242 and rest at the double bottom/higher low in-front of the 20SMA. Held small piece wish stop at top of latest bounce=$243.5s.

QQQs went back to VWAP but looked stuffed.
Put half-tier back on, risking top of previous bounce=$243.5s, expecting the sell-off to LOD.

Covered on the way down.
(-) Bad exit on last piece, I should have been more patient. Even better I should have thought keeping it for a swing. Post-market trades below $240.