Normally I'd be really close to taking that QQQ short, likely SQQQ (long), but with that AAPL issue unresolved and the F_O_M_C tomorrow and already loaded with 2 market average shorts and 2 major Industry group shorts, I think I have plenty of room for patience.
However, if I didn't have any exposure and felt ok about a position in front of the F_O_M_C understanding that there's a 85+% chance there will be volatility and probably a 75+% chance there will be a knee jerk move and I was willing to accept that risk (I personally have the risk tolerance as long as I have objective data to back up the reason) then I'd probably be entering SQQQ long with a trading position, about 1/2 size a core position.
5 years ago
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