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Strategies & Market Trends : Tradervic's Trading System
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To: Madharry who wrote (7)9/16/1999 4:05:00 PM
From: vc21  Read Replies (2) of 19
 
Covering at 121 could be very costly for me. If the market all of a sudden tanked hard, I'd lose a lot of potential profit. I decided to weigh risk against reward. I am really only shorting QQQ for the big one. I didn't think this was going to be it and I also thought the market was oversold so I covered. BTW, I just got a buy signal on QQQ at 123 3/8. This was right at close. I'll check those stocks you gave me tonight.

Regards,

Vic
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