Q’s fell hard

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The market gapped up today and looked bullish at first but when the first 5 minute buy failed, I took the market short @ 103.71.  After price thrashed around a bit, price finally started to head lower and soon price fell in a flurry hitting my first 3 “Risk” unit target where I covered a 1/3rd of my shares.  Price continued to fall forcing my hand to coverer another 1/3rd of my shares.  When price was setting up a possible add and reduce area for my play on the 5 minute chart I accidentally covered the rest of my position 🙁   O’ well!  A great play anyway with a + 3 R play 🙂 in the QQQ…

qqq 01022014

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