First day after a short sell
Today I woke up a little bit earlier than usual. I want to take a look at market before leaving home. DOW+100 and NASDAQ+30. Suddenly I am not too sure about short sell QQQQ anymore. Meanwhile, I am telling myself to be patient. Since I already place an order to buy QQQQ back if it ever reached 55.
Give it more time, I am pretty sure it will go down in a week or two. But the question is: At what level should I buy it back and close the position? 47? 45? It looks like 47 is a bottom and it should have quite some support. So if it dropped to 47 I will buy back and buy some more... :-)
Let's wait for tomorrow then...
investment etc.
Today I resume my posting using this blog site. I will use it mainly track my investment and business related ideas.
This is going to track my investment related performance and ideas. So years later when I come back and revisit these, I can better understand my success and failure in this area.
Same thing applies to the business ideas and activities.
Recently the stock market is very active. It is really like a roller coaster. Today I short sell 100 shares of QQQQ at 49.93 after it arised more than 1 point. The theory is that the market is going to fluctuate within a range for quite some time. If it goes up, sell it and get it back when it is lower. I have applied the same theory in my 401K market. So it should play out well.
Today the Fed cut interest rate by 0.5%, that is a surprise for many people. The stock also shot up more than 300 points. I think tomorrow and the rest of this week, after the investors wake up and digest the news, the market should go down from here a bit.
Let's track it and see whether I am right about this or not.
