The bread and butter of my strategy. These are weekly swing trades (sometimes intra week) – long short spreads. This will mostly be International ETF’s. I will also have sector ETF’s from time to time as the action warrants it. These trades are meant to be done together and I’ll be tracking the performance of each long/short pair for the return. I’ll be sending a weekly trading summary dealing with the swing trading pairs, and I’ll give updates as events rise to take advantage of.
Buy 1/2 unit QQQ LIMIT 218.50 or lower
A 9.5% Drop in QQQ in three days is the worst sell off in 4 years, and I was keeping dry powder for now to deploy. The market feels oversold in the short run and this buy will bring my swing trade positions to 4 full units and completely hedged. I still think we might see some more selling overseas this week so I’ll wait for another possible sell off in Asia to buy back some of my short units and be net long.