Trade Recap for Monday 10/9/23

Trade: $QQQ 10/10 360p

• Reasoning: 362 breakdown

• Entry on the contract: 1.4

• Exit on the contract: 1.05

• Profit in percent: 24%

Today, QQQ started with a gap down due to news of war breaking out over the weekend. QQQ at the start of the morning was able to hold over 360 but struggled to get through 363.30. Due to this rejection, QQQ broke back under 362 and was failing to hold this level. When QQQ broke back under the premarket lows, I went short focusing on a move back into 360. QQQ found buyers shortly after this break and ended up bouncing which stopped me out.