Posted by frtaylor on 14th of May 2021 at 03:11 pm
I plan on taking 1/2 of the SPY off and setting a stop at entry
or higher (already sold my call). But with the VIX giving a
buy signal, I'll also be watching on Monday for an intraday TA
pattern or candle setup to go long again with a 1/4 position (e.g.
2,500 of the orig. 10K SPY trade). The VIX signal has been
high probability in the past, so in combination with a pattern
giving a tighter stop, it seems like a pretty safe plan.
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SPY trade position for weekend matt
SPY trade vs. VIX signal: If SPY stays up we'll ...
Posted by ridgetopab on 14th of May 2021 at 01:08 pm
SPY trade position for weekend
matt and steve presented different trading strategies for the long SPY trade.
If in doubt take your profits and enjoy the weekend, or (assuming a loss is acceptable in your plan) adjust your stops and hope for the best.
I plan on taking 1/2
Posted by frtaylor on 14th of May 2021 at 03:11 pm
I plan on taking 1/2 of the SPY off and setting a stop at entry or higher (already sold my call). But with the VIX giving a buy signal, I'll also be watching on Monday for an intraday TA pattern or candle setup to go long again with a 1/4 position (e.g. 2,500 of the orig. 10K SPY trade). The VIX signal has been high probability in the past, so in combination with a pattern giving a tighter stop, it seems like a pretty safe plan.