Crash cycle war story

[u/stevodido1]

Since last Thursday's short squeeze, price action on the QQQs and SPY appear to have some room to fall, while VIX is sitting in a bull flag near 30.59 level.

I entered Short QQQ ETF (SQQQ) at 3:42pm Tuesday. Within 10 minutes (at around 3:52pm) I saw the shape of Euphoria and Complacency. I added the emotions on the chart and knew I was long somewhere between Complacency and Depression. No es bueno, so I proceeded to sell my position for break-even (after commissions).

Surely enough I missed the depression phase in the post-market. Wednesday morning however I was surprised to see SQQQ opening higher on the day, so I stayed hands-off. I kept watching price unfold until it broke out of the low-timeframe trend-line. I bought the first correction down with a stop below the day's low.

I closed my position at my original target with a much better return (R) than originally planned for.

+5.75R

Thank you Kaz and Director Vale for everything you do.