I attempted to get long SPY on the consolidation above 202.8 when action was still balancing and was stopped out and frustrated so I did not work to get back in.
There was a play here but for SPY it is imperative to be trading the edges not trying to establish positions in the middle of the range. Those are so difficult to control risk effectively and honestly are just not worth it. I need to be buying into support and selling into resistance not looking for continuation moves in the middle of the ranges.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-21 10:55:55 | SPY | buy | $203.080 | long |
2015-10-21 11:05:29 | SPY | sell | $202.840 | 0 |
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