Seeking Alpha
  • mb2
    Gonna hold shorts overnight - QQQ FXE
    12/14/11
    Reply (9)
    • Brian Benda: Don't blame you. Would hold them well into Friday. Further downside still coming, and who wants to be long into this weekend?
      12/14/11
    • Brian Benda: Will not be surprised to get some kind of consolidation, even if just sideways action tomorrow, but today's lows will bust before weekend.
      12/14/11
    • mb2: Hope you're right. I usually don't hold overnight, but, the technicals are very supportive of the short trade.
      12/14/11
    • Brian Benda: Yea, same here. I trade QQQ options and almost never go overnight. In current position since Tuesday morning highs. Bearish setup too good.
      12/14/11
    • Skull & Bones: Holding overnight is a recipe for disaster.....in either direction!
      12/14/11
    • Brian Benda: Generally, yes, which is why I don't, but when this deep into profit, have reduced position by 50%, and momentum this bearish, makes sense.
      12/14/11
    • Skull & Bones: Appears that the overnight hold is going to make you pay up.......always does!
      12/15/11
    • Brian Benda: Nah, only dropped 4% on a trade that was up 100%.
      12/15/11
    • Brian Benda: Back to profit on day. Market is going lower. Always going to be a dispersion of returns no matter the primary trend. This trend is down!
      12/15/11