Helen asks…
Stocks about to drop && Your Opinion?
So I was looking at the QQQQ and they are just under $50 which they have not made it over in the past 3 years, do you think they are going to “plummet”?
I have been paper trading for a while and considering to make this my first real trade (short QQQQ) since in all fairness the QQQQ is extremely high and like I said never been over $50 in 3 years and shows extreme resistance.
Please let me know what your opinion is, ofcourse they could just plow on through so please share your thoughts!
PS: if I do go through with this trade.. should I just buy the QID rather than short the QQQQ or does it really matter. Thanks again!
Ok so I should be more clear, the QQQQ has not broke through $50 and held for long in the past 3 years…
admin answers:
QQQQ was over $50 in April.
Experience teaches that you are trying to turn guesses into facts / predictions based on validation. This is rarely a profitable way to do things.
If you have already separated your speculation (gambling) money from your nest egg money (retirement/hopes & dreams), you need to balance, hedge, and keep your perspective fixed on the big picture (10 years at least; 50 years is better).
Never put all your money down. Never take all your money out.
Never loose sight of the fact that QQQQ has been traded at $120 and $20 within the memory of millions of current traders. Current movements are just noise.
Maria asks…
What do the letters ADF, BAT, NGM, S, N, B, K and the like, which appear after a stock trade on a ticker mean?
While watching stocks trade in realtime, the all seem to have up to three letters appended to them (i.e. QQQQ-NGM, SPY-ADF, IWM-S, etc.).
admin answers:
Most trades don’t have those.
What you have listed are index ETFs. The first letters are the indexes and the letters following are the particular fund companies that have the ETFs of that index which together makes up the name of the ETF.
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