#SPY Trade Idea of the day from the Nightly Newsletter. Rarely go against the trend in this Bull market. Worth the 3-1 risk reward with strong extension. Shorted at 302 with 2 point stop and exit at 296. Just one trade and odds it hits 50% of the time which will take all day at 3-1 risk reward.
HOW I DAY TRADE - MARKET NEWSLETTER The Newsletter is a service for active traders with a focus on short term Buy and Sell Zones and is provided for educational purposes. The purpose is to educate traders on short term trading setups through a two-step process of selecting Daily Charts and applying intraday trading setups. Always use a Stock trading simulator to test, master strategies and become more educated in the markets before risking real money. Become successful on a simulator for a minimum 6 months before risking your money and always use a stop. If the markets conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. A missed trade is better than a losing trade.