Overtraded today
caught some $Invesco QQQ Trust (QQQ.US)$ and $SPDR S&P 500 ETF (SPY.US)$ moves
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wannabe future independent trader, making milk powder $$ from the intraday market | twitter : chowyunfattt
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chowyunfatt OP : Trade breakdown
101889455 : How many contracts you buy usually? How much was your %gain?
chowyunfatt OP 101889455 : Number of contracts really depends. Usually 5-10.
This is a 10% ish gain.
101889455 : 10% with 5-10 contracts only can gain 3k?! If 10% gain means your total contract value is $30k?
chowyunfatt OP 101889455 : 5-10 contract with multiple ins and outs. I played both QQQ puts and calls. Huge chunck came from the call.. when QQQ reversed
Misunderstood %gain. (10ish % reference portfolio gain). The QQQ call contracts went up 20-25% avg. I had multiple outs.