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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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About Me
I don't see the chance for a strong upside on SPY now, so I will look to sell my position at around the 50 Day Moving average at $110.30. Then I will do some range trading between $109.90 and $110.30.
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