Shared by
Kelly-Ann_BOWS
enjoyed playing this one. sold near HOD on my final exit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-08-22 10:15:28 | SPY | buy | $199.580 | long |
| 2014-08-22 10:18:00 | SPY | sell | $199.370 | 0 |
| 2014-08-22 10:18:11 | SPY | buy | $199.340 | long |
| 2014-08-22 10:19:18 | SPY | buy | $199.450 | long |
| 2014-08-22 10:24:51 | SPY | buy | $199.430 | long |
| 2014-08-22 10:32:56 | SPY | sell | $199.640 | 0 |
Comments
Nape_BOWS
Need a clean define setups. The better the setup on multiple time frame the better chance you will have of making money. The $SPY is way to extended to try to trade it.
kunal00
no setups here...
and the market is not a low float stock u cant chase it up!
also maybe try using SSO its an etf that moves a bit faster then spy
Kelly-Ann_BOWS
@pstark I didn't notice that it was nearing intraday resistance. Very good pt.
@Nape so when would be a better time to trade it? Are saying that the market needs to have 1 or 2 down months before SPY would be tradeable (i.e. a full out correction)?
@kunal Didn't know about $SSO. And on the market's float its interesting b/c I KNOW that but in the heat of the moment I didn't consider that fact. Simple and valuable pt.
It dont necessarily have to be down one or two months. The $SPY just needs to pullback and setup again; then you would look for a clean intraday setup to trade it. If you have a good setup on the daily chart, 30min chart and 5min chart at the same time, that will allow the stock to move in a clean manner.
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Your first entry was the top of an overextended candle coming into intraday resistance. The other entries and sale were terrific.