On Friday I took a trade that I don’t recommend anyone try at home. In fact, I don’t recommend it for me to try! It is not my type of trade, but by having a pre-determined 1R stop point, I was able to take it with a limited risk, and it worked out.
Had a nice early morning trade today. I usually get myself in trouble when I think this way, but it seemed very obvious to me that retail investors would dump at the open, especially after watching IBD change their classification of the current rally. QID looked like the best vehicle, all the time knowing it could be a quick trade (otherwise the market would just implode).
