Commence with Gratitude to The Ultimate Knower,
My stop placed above the $45.85 on QQQQ has been taken out, thus my short position is closed and I am out of my short trade.
Money management is the most important rule in the trading. Once trade goes out of stop level, do not start making excuses to stay in the trade, in a failed attempt to prove yourself right, get out of the trade, the moment, your stop level is taken out. So I am out of my short trade. What matter is, what price is telling you.
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
Humility is sign of greatness, Mr Syed.
You're obviously good trader and person.
Thnx for timely alert.