TraderJohnny

Feels like we're loosing $SPY as well now. Below the 100ma. A trip to the 200ma seems likely.

Don't buy relative strength in a bad market. Track it, but wait for market to turn before buying. $PURR, $TWST, $CYPH and $RBRK a few examples to learn from today.

$LITE CEO talking about being "sold out" on Bloomberg marked the ultimate top lol. Funny how that works...

Want to see multiple gap downs in a row before considering any parabolic longs. I'm not seeing panic yet despite AI names getting crushed. According to $QQQ positioning it seems that everyone is buying the dip still. A $VIX spike above 28-30 would be nice.

"Always focus on defense to stay in the game. They key to making money is keeping money. Making money is easy. Keeping and protecting capital is the hardest aspect of trading." - @Qullamaggie

Been easy avoiding new longs lately. This is a much better environment than the chop we had for months. Can outperform the market without trading.

Will be interesting to see if the selling continues to accelerate this week. $QQQ almost at the 200ma. Expecting at least a short term bounce around that level. A massive undercut and rally would probably be the best case scenario. I think the more likely scenario is some volatile days of chop here. I'm still holding half of my $SOXL short as my only position right now. Not expecting to do much this upcoming week.

$VIX not even above 20 yet.

Think I finally nailed a short. 10R trade now. Took some profits and holding rest for a bigger move.

$AMZN down 10% and $INTC down 20%. Crazy. I added more to my $SOXL short

Me putting on some shorts today was probably a sign the bottom is in lol. I almost never short. Let's see what happens after the close now. $AMZN, $SNDK and $INTC reporting.

Covered breakeven. Market not really rolling over like I was hoping for. Staying in this range for now.

Followed my plan and shorted $CRWD and $RBRK today. Let's see if we can get some real panic soon.

If we actually get some real panic now, the biggest movers are usually the stocks that held up best and showed relative strength the longest. I'm thinking the cybersecurity names could be decent shorts here. Adding $RBRK and $CRWD to my focus list for tomorrow.

Been incredibly in sync with the market lately, just haven't been able to execute at the level I should have. Shorting is definitely not my strength. At least got some short exposure now, but wish I held my $HPE short.

$GOOG down. Cyber stocks down. $MSFT up, but into a big resistance level. I put on a $SOXL short here. Willing to risk a bit more on my short idea. It's a tiny starter. Might try to add to it tomorrow if it looks like market is rolling over again. Really just don't like what I'm seeing from the market right now.

Impressive strength today. Took a tiny loss on my short attempt. Didn't get the fade I was looking for, so not holding anything overnight. Some big earnings coming up now.

Took a few shorts at the open today. Stopped out of $LITE and still in $HPE. Might give $MU a try on a 30min pivot to the downside. 4-day bounce into the 50ma right now.

What's the best short setups right now? I'm only interested in shorting the most liquid names. Currently have my eyes on $HPE and $P as potential 3-day bounce short setups.

$QQQ bouncing back into declining moving averages. A gap up open above the MAs tomorrow maybe? Think it could be a decent short opportunity. Not seeing too many good short setups though. Maybe $LITE.