the trade is no where close to closing out. This trade is not
like the exhaustion trade, the average hold time is around 13 days,
however some can hold for 1 - 2 months, whereas the exhaustion
trade the avg hold time is only 5 - 6 days
again for the nervous nellies out there you can close your trade
now and lock in a healthy profit then not worry about it.
but as far as this trade - it's not closing out anytime soon. I
expected the market to bounce today because it was extremely
oversold yesterday, however this correction may still take some
time to unfold, maybe this is a B wave and then we have a C wave
down later on, if all that happens it's possible this trade could
go negative and even take a 2nd entry, who knows. but it
ain't closing out anytime soon
the trade is no where
SPY system exhaustion Trade exit
Posted by matt on 28th of Jan 2020 at 10:29 am
the trade is no where close to closing out. This trade is not like the exhaustion trade, the average hold time is around 13 days, however some can hold for 1 - 2 months, whereas the exhaustion trade the avg hold time is only 5 - 6 days
again for the nervous nellies
Posted by matt on 28th of Jan 2020 at 10:33 am
again for the nervous nellies out there you can close your trade now and lock in a healthy profit then not worry about it.
but as far as this trade - it's not closing out anytime soon. I expected the market to bounce today because it was extremely oversold yesterday, however this correction may still take some time to unfold, maybe this is a B wave and then we have a C wave down later on, if all that happens it's possible this trade could go negative and even take a 2nd entry, who knows. but it ain't closing out anytime soon
i think it is B
Posted by RP on 28th of Jan 2020 at 10:49 am
i think it is B wave also and C is to come i sold out lokked in 19k from yesterday and 3300.00 on spy trade thx matt