Teaching family and friends to trade their retirement accounts for FREE! * Following the SPY for market swing trading directions. *Green Long's (stocks and retirement accounts), *Red Shorts (out of stocks and retirement accounts. *Comments are updated at the close of market once a day.
Friday, January 16, 2015
Yellow Light
The SPY bounced off the 5% pull back today so I went long in a call options. I placed my stop 5 ticks below the 5%. Double bottoms tend to hold but not always.
We do have one issue and that is we have not broken the half back short yet. I took half my trade and now I have a free trade. Second is it is a 3 day weekend and you don't want to be to long or short in the market with out protection over the long weekend. Hoping it will go higher.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment