SPY Trade on Oct 8, 2021 12:25 from BlackburnLevi: Tradervue User Stock Trades.

I had multiple reasons to take this trade tho the short side but when the time came, we did not see follow through and had some choppy difficult trading.

I was also beating myself up over the trade, feeling like I had a bad entry and bad stop. I think it's easy to think this or see this because the chart develops and there is no question as of what will price do. I waited for the breakdown and I took it short when we breached that level. Price then didn't hold the lows and retreated towards resistance above.

There are a couple issues here I think I need to avoid: 1. My stats say I'm not profitable trading SPY. 2. Possibly I need to spend my time trading closer to the open to take advantage of the high volume that will provide follow through.

As far as #2, this can be tricky because the high volume can swing back and forth and the patterns or direction might not be developed yet. I think if I can find high volume and a tradable pattern to base my entries/stops off, then I'll find edge.

This brings up another point and that is spending more time studying key levels as far as previous day's closing price and important premarket levels. this should include nightly research and to be free before open. I'd also research how to properly trade an Opening Range Break strategy.

Spy Stats: