Closing TQQQ Short, Reversing Long

I have decided to book full profits on the TQQQ short & reverse to a net long position here at 82.59. Bounce targets & charts will follow asap. Suggested stop below 79.90 (most likely targets will be around 92 & 96, providing an attractive R/R with about 2.70 downside risk & over $9 profit potential, if successful.

Please note that the long reversal trade is an aggressive counter-trend/catch-a-falling-knife trade. DYODD & trade according to your own risk tolerance, objectives, & trading style.

Jan 14, 2016 10:08am|Categories: Completed Trades - Long, Completed Trades - Short|Tags: , , |1 Comment

Comments are closed.