SQQQ Trade on Jul 13, 2023 15:11 from fallofshadows: Tradervue User Stock Trades.

QQQ was pushing up near the $380 mark where Don talked about shorting it. I decided to take a mean reversion trade. I did double check the Bollinger bands on this one, and it was overextended on the 4h.

7/14/23 after the Q's pushed up hard and smacked the type 2 and rejected hard, I decided to close in my stop and scale in. I'm keeping the original risk (it's $26.68 instead of the original risk of $26.56, for anyone who's keeping track).

And here's the Q's chart to help keep track of my reasoning:

Pulled up my risk to keep it small, since I didn't trust things. I basically put my stop below hourly structure. Really, I should have moved my stop to break even before the day started, but I don't really trust Monday mornings. There was a point today when I was up $6 or so on the trade.

Tagged out

Execution detail:

Date/time	Symbol	Side	Price	Position
2023-07-13 15:11:41	SQQQ	buy	$17.560	long
2023-07-14 10:53:53	SQQQ	buy	$17.280	long
2023-07-17 11:28:33	SQQQ	sell	$17.270	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SQQQ&trade=53814057&end=20230813&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SQQQ&trade=53814057&end=20230717160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SQQQ&trade=53814057&end=20231211&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SQQQ&trade=53814057&end=20230717160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

SQQQ Trade on Jul 13, 2023 15:11 from fallofshadows: Tradervue User Stock Trades.

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