Exit QQQ put option+ fuckup month

Exit the below option before the value drops to zero.

I am not going to turn around and purchase a call option as that is not contrarian to purchase a call on a day when the ETF is roaring. Instead, I wait for pullbacks.

You may have noticed that I am having a very bad month. I was golden all the way up to 30 days ago and then the train came off the tracks. I wonder if I am losing my predictive ability.

Then I thought no. I have not. Even casinos have some bad months even though they have a long term edge. I am just having a bad month. I just have to whittle things down to the basics when reading charts. Red does not mean drop necessarily, but it is a good hint. What went wrong today? The market took off. Yesterday's candle was not a top candle, even though it was red. It was solid with a light tail underneath, telling that the market would continue to climb.
So from now on, I can only predict what is going to happen the next day during the last 15 minutes of the trading day as the absolute last candle is being formed in its final configuration. I am going to sit out of the QQQ and SPY until I see a top candle.

So in order to make up for my fuckup month, I have decided to share two casino craps secrets with you. That will be my next post.

Tradinginsider