The Founders Group just added another 10% to our NASDAQ 100 position at 12,780. Again, risks are very high here. We will use a 15 point stop under this morning’s low (12,776.50 minus the 15 point stop will place the stop at 12761.50. We will use that stop for our entire NASDAQ 100 position.
For the QQQ, an equivalent stop level would be 311.25 and I would use that for the entire QQQ position. At the money calls are fine for a QQQ position and you might even consider a call spread.
Again, risks continue to be extremely elevated here, and you must be attentive to your positions to be successful at these levels and guard your capital.