Going Long on Bounce

| 0 Comments
I just bought some calls on the Q's in anticipation of a bounce off the lower trend channel I'm following. I think this next move takes me up above $31 on the Q's over the next couple of days.

For this trade I purchased 40 contracts of the Mar 31 Calls on the QQQQ (QAVCE) with a cost basis of $1.25.

Leave a comment

Recent Entries

Feeling Some Pain
I'm feeling some decent pain on my current trade. The market had a rough start this morning and my position…
Going Long on Bounce
I just bought some calls on the Q's in anticipation of a bounce off the lower trend channel I'm following.…
Bank Stimulus Plan Announced - Taking Profits
The Obama administration is promising an aggressive effort to combat the worst financial crisis in seven decades, unveiling a program…

Twitter Updates