On Friday a reader asked for PowerShares QQQ (Nasdaq: QQQQ) in the blog comments. I told him I was travelling, but would show Friday’s Q’s today. So, today, you get the last two days of QQQQ. Let’s see:
Well, Friday it was buy, buy, buy… and how you did would depend on your money management. If you trail the plot cycles, then you held long all day. If you are more of an in-and-out quick kinda trader, then you scored on the first trade, lost on the second trade, and scratched the third trade. A pretty so-so day. The last buy signal of the day was on a candle marked 15:59.46… and if you went long in the last 16 market seconds, you closed at EOD for break/even. But please don’t take a trade that close to the end of day!
In today’s action, the simple stock system basically said to get short near the open for a nice ride down. Then it stepped aside for the rest of the day. Since it was much more choppy after that, I think that was a good choice!
Do you trade options on the Q’s?
I am but have been breaking even for the most part over the last year. any thoughts?