UPDATE Feb 21
A big day in the markets today. FED speakers are starting soon, and the FED minutes get released 2 hrs before the market closes. Aftermarket Nvidia reports earnings. What do I expect? Volatility 🤣
I never like big drops going into an event, which makes me cautious about a big bullish rebound. Could we just sell off? yes. I would just be cautious. let the market tell you where it wants to go.
Here is a recap from yesterday of my posts to the group about QQQ (mixed in amongst a bunch of random conversations)
I sold most of the calls for .77 some at .74 and some at .71, not bad, about 45% profit. I could've chosen better, more profitable options, but it was what it was.
The trading is easy if you track the price, contain it within a channel, buy and sell on breaks of the channel. Minimize your trades. Be efficient, not extended.
On a sell down, I'm looking for ~17250 to hold. If it does not, then 17000 is likely the next stop.
lower limit just under 420 with the upper limit of 450 (these are not daily targets. They are sequence targets. it can take however long it wants) I can give you targets, but the path is the markets.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
Remember, the market is NOT the economy! It is only a money-making vehicle. don't try to make sense of it, just find your niche and profit from it.
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ZhukovHatesPepsi : I have a question cos I'm a bit newbie. but let say if you were trading TQQQ or SQQQ daily, is there a way or strategy to determine how to enter or exit? because lately I find the market totally random and I can never see the correct movements.
iamiam OP ZhukovHatesPepsi : yes, there is a way. do you use HA candles? that gives you a color trend with the candles. Also, use the channel tool to "trap" the candles. when/if it breaks that channel, then sell. That's my day trade style and strategy, but it can be used with any timeframe. Let me know if you have more questions. I will try to help when I can. but the market opens soon
iamiam OP iamiam OP :
ZhukovHatesPepsi iamiam OP : no I haven't tried HA candles. previously I have been using regular 1 minute to 15 minute candles on Trading View combined with MACD and EMA. It was working for me during December but lately getting less results. do you have telegram btw?
iamiam OP ZhukovHatesPepsi : no moomoo is the only "social" app I have
iamiam OP ZhukovHatesPepsi : try the 5 minute chart. this sequence is a wave 4, so it will be tricky and try to take all your money before the big moves.
ASSAYER :
Your screen name got my attention 
.
If you would be kind enough to explain your meaning of your “screen name “.
If I was a beginner and decided to follow you your charts would be overwhelming.
As you learn any and every thing, practice
Decrement!
#Started will a little now I’m Here.
ASSAYER :
I’m more interested in your meaning of your name “iamiam” than you thumbs up 
on my example of simplicity for beginners.
iamiam OP ASSAYER : I'm typing and trading, give me time. it's easy to thumbs up it takes time to type
ASSAYER :
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