The Double Reversal Purple Nurple–$SPY

Today’s market action presented some interesting twists and turns. Around 6AM the SPY got hammered about $ 3. By the time I turned on my platform we had already bounced around $ 1. I sold about 25% of my positions and got ready to head for the office. My gut told me that it was OK to sell some stock “in the hole” as global fears were really starting to heat up and this could be a day “there was no bounce”. By the time I arrived at the office we were slightly higher but still well in negative territory.

After the market Open at 9:30AM prices in my positions stabilized and a few went green before the market went positive. I decided Read more […]
SMB Capital – Trading Education

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