$QQQ Key Levels, Analysis & Targets

QQQ Key Levels, Analysis & Targets

Traders paradise, Y'ALL. This week has been amazing in both directions.
Next I’m looking at 25 Mar 313 puts. The call target is 348, but there’s a LOT of resistance there and down seems more likely… BUT you can choose one closer strike, maybe one under the resistance and a closer expiration... and still use the strategy below...

GL & happy swinging… let me know if you have questions... 💃🏻



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IF YOU ARE TRADING OPTIONS:

Step 1: Pull up the chart for the option that you are trading and open that individual option chart up. (In Webull you can right click and see in chart)

Step 2: Add a VWAP to it (volume-weighted average price) Then look at the value at the VWAP. Set your buy order 25% below that value.
{Sometimes I will buy at the VWAP value, but most of the time I’m trying to get in 25% below the premium at the VWAP. (Sometimes 50)}
YES... this take patience, especially when you want to get in right then in the moment. Trust me... there's always more entries...

Step 3: If the trade goes against you, your next add should be 50% down from what you paid at entry.

Step 4: If the trade still goes against you, double the number of contracts you hold, 50% below the last add. Usually at this point you will be set up to collect 50%.

PLEASE only try this on a SMALL scale until you understand how this works. Works very well ATM and up to 35 delta is what I have tested.
1,1,2 and so forth… This works both for calls and puts, but it’s also better when combined with solid TA, but not always necessary, especially in this volatility)

You need an extreme tolerance for volatility for this strategy. It’s easy, and it works… but please trade it small until you see WHY it works.


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IF YOU'RE ADDING TO LONG POSITIONS:

ONLY ADD at support levels & FIB levels… labeled (most of the time)
(Support=Green, Resistance=Red, Trendlines=Blue) Fib will be labeled if any and their colors will vary.)

I start every position with .5 - 1% of my account and build from there as needed and as possible.

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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.

IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…