Multi-month position: shorted the QQQQ

I might add more shorts today, for multi-month hold.

Yesterday on the rally to the 50 MA i ADDED to my multi-month position by shorting the qqqq. If funds are available, for multi-month positions, I prefer to just short QQQQ instead of using the 2x 3x etfs like qid and typ, though typ and qid work too.

Of course, stops are in place, very loose stops at 47.27. Other places to put stops would be 45.17 (conservative) or 45.87.  If using the lower stops, I would allow myself to get stopped out, then re-enter if merited. I'm using the 45.17 MENTAL stop for my swing shorts (I will exit the short at a loss IF IT SUSTAINS OVER 45.17, not just on a minor piercing on low intraday volume).

Just some ideas



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