My followers know i am bearish on the stock market, expecting a big bear market the coming year or two. This trade falls right in to place, because the Nasdaq is also at it's last breath before a drop will happen. I am using the red area as my stop loss, Even if we break it and my stop triggers, i will short it again after that yellow area breaks again.
Targets around 194, but i will probably keep 50% to let it run with a trailing stop.
Targets around 194, but i will probably keep 50% to let it run with a trailing stop.
Note
So that was quite the dump after the earnings of Facebook yesterday. For the ones who made profit, congratulations :). Never get greedy, this is a huge win already and markets always move in waves. So i would lock in at least 50% of the (remaining) position and trail stop the remaining
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.