Q's sliding down

The q's are still moving down and I'm holding my long put (QQQPO - $41) position. RSI (5) is around 28 and I'm about $0.20 on the profit side for this trade. So far so good.

Trader Tyler

Bought Q puts again today as the RSI 5 was pegged and just itching to go short. QQQ PO at $0.45.
Trader Tyler

Trader Tyler

Stopped out on my QQQ PO at a 15% loss. The RSI 5 is still way too high in the short term and I will be going short again soon.
Trader Tyler

Another trade, going Short.

RSI 5 has reached 78.09 and the SMA (2) just crossed the price line on a 60 min, 5 day chart. I am going short the Q's. Actually I'm buying the April 41 puts (QQQ PO) for $0.75. Should be looking to have the Q's head south soon. A tight stop will be in place.

Closing out the trade - 70% profit

I closed the trade out at $1.00 per contract. So a $0.30 profit per contract and a 70% profit overall.
Trader Tyler

Still long....

QQQCO have moved up to $1.00 x $1.05 and the RSI 5 is nearing the exit point for this trade. RSI is currently at 77.61 but I'm just waiting for a crossover of SMA (2) with the price. I'm not letting this trade slide away however.