These are my brief notes on the failed trade for TQQQ.
Good stuff
- Stuck to my 3-minute time-interval
- Better to have stayed within 1-minute interval for the first hour
- The 5-minute, 15-minute, even 30-minute or 60-minute ORB needs a lot more testing
- Ignore what the “experts” tell you about changing time-intervals at specific times
- It works for them, not you
- Better to have stayed within 1-minute interval for the first hour
Bad stuff
- No real bad stuff happened
- Had tight stop-losses in place to ease my peace of mind
- Did switch back and forth from 1-minute and 3-minute intervals often
Try next time
- Split the screen to show SQQQ (Short QQQ) and TQQQ ( Long QQQ) side-by-side