GOING LONG THE QQQ
There are two ways to execute the order:
__________________________________________________________________
· High risk trade: probability of working high.
Signal: Sell (Short) Puts
Security: QQQ
Symbol: QQQ Nov13 Put 80
Expiry Date: 11/15/2013
Strike Price: $80
Entry Price: sell (short) puts at or above $0.47
Exit Price: at 50% profit – (premium collected)
Stop not set yet
MAX RISK ON THE PUT IS 2% of entire portfolio
__________________________________________________________________
· Lower risk trade:
Enter long QQQ at market
Exit 50% of position at 1% profit
The rest exit with trailing stop of 0.5% after the first trade is completed
Stop not set yet
MAX RISK ON THE QQQ ETF IS 4% of entire portfolio