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SNAS dabbling... a short(ing) journey..., page-3

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DmitriMA

3,492 Posts.

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12/06/21

15:12

Post #: 53812185
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Originally posted by DmitriMA: ↑

Yep, getting out was the right decision -
Nasdaq up 6 days in a row!

Adding those together = 3.42%
SNAS averages 2.5 X leverage, so that would be
a loss of ~ 8.5% in just over a week... nasty.

Another thing I forgot to mention is the disadvantage you have not trading the live US market.

Case in point:
In trade 1, I was holding the total position targeting a fill of the gaps up from early April.
One was partially filled, and I sold some SNAS because not completing the fill is not encouraging for continuation,
but I still kept part of my position on.

The rest of the gap filling took place in the next session,
BUT the move almost completely reversed intraday (hollow red candle), leaving me virtually no gain at all!
Aarggh!!
If I was trading that live, I would've cashed out as soon as the gap filled, and secured a nice profit.

Expand

Yesterday's candle was missing.
Updated chart...

Resistance area coming up @ 14026 - 14040.
And NDX is in overbought territory, so likely to consolidate there.
But might be 3rd time lucky to break through,
so I'm still not up for shorting at this point.

Last edited by DmitriMA: 12/06/21
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