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Active trading (or Day Trading) is not a game, it has a very high level of risk. It is possible to lose all of the funds that you invest in your trades. It is not recommended for inexperienced traders or for persons who do not have sufficient resources and time to devote to their trading activities. Active trading is a serious commitment that should not be undertaken unless you are able to handle high risk and high stress well, and are willing to consistently adhere to objective and disciplined trading strategies and approaches.
WeTheTrader is a resource for traders to share ideas about investing and trading the markets with Focus on the (ES) E-Mini S&P 500 Futures.
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$108.87 Should be the high of the day for SPY
ReplyDeleteWell, we made a new high, however, we are starting to see a potential reversal pattern forming on SPY. I'll need confirmation though.
ReplyDeleteBut, if we keep trickling up on low volume I have to consider covering my position. I'll look to get back Short when the opportunity presents itself if that is the case