Friday, June 5, 2009

Shooting Qs From The Hip

Ok, I have entered QQQQ today, intra day using the 10 minute chart. I don't know, I consider this "shooting from the hip trade". My number of shares are not enough to gain reasonable profit from intraday moves. I'm not proud of it I was even thinking of just scratching the trade before the market closes but the QQQQ have managed to consolidate from 36.50 to 36.70 there's an intra-day support around this area. I only have 80 shares so we'll see what will happen come Monday. But this is the type of trade I should not do again!

Still holding REDF, FITB and FAX.

Have a nice weekend.

Chart courtesy of FreeStockCharts.com

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