Living-Giraffe4849 t1_jef650g wrote on March 31, 2023 at 3:50 PM

Reply to comment by mrnotadvice in Went long QQQ calls today. I feel very dirty. by mrnotadvice

I understand why you think it should go up and I agree with the premise, but a 25% monthly rally would be INSANE even in normal times… I guess we’ll see but 370 is a loooong way off

If you’re doing long calls it doesn’t matter too much I guess, but you could be taking a massive risk for minimal gain

mrnotadvice OP t1_jef71sd wrote on March 31, 2023 at 3:56 PM

You are assuming I have no stop. But i do. also, I don't need it to go there - its where price could go with a little momo based off the daily chart. I will be long gone probably bc I have time rules to my trades. That's why my average long term trades are 10 days - with a average 50-60% return.