despite not being able to trade full time today...i was able to get some QID, SDS, and RMBS..
LOSER:
QID - I wasn't able to catch the morning bounce up..so I waited for the Qs to turn and trade QID...however the Qs were strong, and I got shaken out with a small loss.
Winners:
SDS
- the loser from this morning in QID reminded me to wait for breakout before entering a position...so I anticipated the turn in SPY...was able to get in right at the moment of breaking down at the descending triangle for the afternoon break down trade...
RMBS
- missed the break down at descending triangle...however was able to enter the short after pull back...
- One thing i learned from a friend today is to look at call to put ratio before entering a trade...since I don't know options, it could have cost me some $$$ by shorting rmbs..even though it had a nice shortable setup, it had a high call to put ratio...which provided some support after it had broken down from its descending triangle...the support for the stock was apparent even though the Q's was getting slammed...Thankfully, I was able to get out with a small winner.
