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BBaccSoon
1
BBaccSoon Sep 12, 5:54 PM

Nice analysis here taking in to account both technical and fundamental aspects. Currently got a single put on the QQQ hoping for more downside next week.

Holdmytexan
Holdmytexan Sep 12, 6:00 PM

@BBaccSoon That's the one thing that concerns me about my call is $TSLA is a part of the $QQQ and even with it's small bounce that closed red still. Thanks for the feedback and best of luck on your put

BBaccSoon
1
BBaccSoon Sep 13, 10:32 AM

@Holdmytexan Ye although I'm half expecting the market might bounce next week. If it does I'll just hedge my risk and buy calls. No problem bro, you as well.

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TriumphantTrades
1
TriumphantTrades Sep 11, 2:26 AM

Right, because that lesser high isn’t the high of the chart at that time, just extra resistance which can later be support if it does breakout

BBaccSoon
2
BBaccSoon Sep 12, 5:55 PM

Yes, a followup breakout needs to break high of day to technically be considered a breakout. I like to call those little mini breakouts you are referencing as 'consolidation breakouts.' They can be a great gauge for predicting high of day breakouts.

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BBaccSoon
BBaccSoon Sep 12, 1:36 PM

That VXRT play was easy money!! I've experimented with that "dead cat bounce" short Friday on KODK. Took a starter 50 shares pre-market when it was struggling to hold VWAP. Turns out that was the peak 'cause I didn't get to add any size in to a spike out the open. Will definitely dabble with this play more as opportunities come.

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