I go under the secret identity of RF. I have "voices" in my head that tell me to buy stocks. When I sell my positions, they immediately shoot up another 15%, just to play games with me. I can't explain, just follow and watch the mystery. I have been trading for 7 years and I hope you enjoy the blog, as well as get good ideas. I also invite your comments and views. Feel free to comment or e-mail me at trade247@gmail.com. All positions posted are taken by me in my personal account or account that I manage; however, are not investment recommendations. See disclaimer below. Thanks and enjoy!
I sold mine for a loss about a week ago, got tired of waiting. You still have QID? Getting hammered, I just don't see this lasting. Sold CNXT today for a 33% profit.
QID is a ultrashort on QQQQ and is my hedge on longs. Nice trade on CNXT! I am still holding it. The way I use it is the following: say I have a portfolio of $5,000.
on a day like this, I would be up $80 bucks on the 4 stocks but down about -.76*40 (roughly $30). So for the day, I would net $50. If I didn't have the QID, I would be up $80 bucks, but given the huge ramp, I feel like we should be getting a pullback.
Think of QID as a "rainy day" hedge or stock. When the market pours (or tanks down) QID will normally down (given the Nasdaq is down).
The best way to play this market is long with heavy cash positions and small shorts.
Scroll down below and you can see what % of my portfolio it is of mine. I got smacked hard on it today BUT if bad news came out, by holding QID, the beating would NOT be as bad on my portfolio because QID goes up on a down market.
Hope this helps! Any questions on research, other stocks, or anything..just drop me a comment or email me (been bad with emails)
I sold mine for a loss about a week ago, got tired of waiting. You still have QID? Getting hammered, I just don't see this lasting. Sold CNXT today for a 33% profit.
ReplyDeleteQID is a ultrashort on QQQQ and is my hedge on longs. Nice trade on CNXT! I am still holding it. The way I use it is the following: say I have a portfolio of $5,000.
ReplyDeleteABC stock $1000
BBB stock $1000
CCC Stock $1000
DDD Stock $1000
QID $1000 (roughly 40 shares)
on a day like this, I would be up $80 bucks on the 4 stocks but down about -.76*40 (roughly $30). So for the day, I would net $50. If I didn't have the QID, I would be up $80 bucks, but given the huge ramp, I feel like we should be getting a pullback.
Think of QID as a "rainy day" hedge or stock. When the market pours (or tanks down) QID will normally down (given the Nasdaq is down).
The best way to play this market is long with heavy cash positions and small shorts.
Scroll down below and you can see what % of my portfolio it is of mine. I got smacked hard on it today BUT if bad news came out, by holding QID, the beating would NOT be as bad on my portfolio because QID goes up on a down market.
Hope this helps! Any questions on research, other stocks, or anything..just drop me a comment or email me (been bad with emails)
"still holding it" refers to still holding QID, not CNXT
ReplyDelete