$SPX Trade on Jul 8, 2022 09:32 from christinaho: Tradervue User Stock Trades.

This morning, I saw that the overall pre-market was red. It was due to data. I was looking to buy a put contract near the open. The first candle was green but turned red and rejected the VWAP. The same first candle turned green and got above VWAP but was wicking under a level I had for the day. The second 2 min candle did the same thing. I got in at the point. The next candle was red, so I was in profit for a little. The next candles were green and SPY started to show some strength. I did cancel my stop loss of -300 because of the pre-market's weakness, I was expecting a move down and wanted to give this trade some more room. SPY did end up dumping below the VWAP, and I was able to sell for $400 profit. I was down over $300 at one point, so that is something to keep in mind. I have to watch the stock and my contract very closely if I want to give my trade more room in the future. I should not let it exceed a high dollar amount.

I did give Ryan a signal today. After I sold my contract, I waited for a pause and some green candles to get in at a better price. I told him to buy at a green candle pullback. SPY then dumped some more, but I did not feel comfortable with him holding this contract for long because of the slight pump earlier in the morning and because his contract was a far OTM SPX contract that could lose value very fast if we did not get a move. He was able to sell for $100 profit for a $490 contract. This was a good scalp, quick and easy. The same red candle we sold on wicked after and SPY pumped.