My Swing Trading Strategy I’m coming into today 100% in cash. Tried shorting the intraday bounce yesterday, but quickly realized that wasn’t going to work, while also booking profits in McDonalds (MCD) too. To say the least, I am quite suspicious of this market bounce, and highly doubt that the worst is behind us at this
My Swing Trading Strategy It was my third straight day without creating a new position. Why is that? Because, I wasn’t going to short the market when it was already down 100 points, and certainly didn’t find enough reason to buy the market yesterday. I’ve managed to profit off of the recent market selling with
My Swing Trading Strategy I didn’t touch the market yesterday. I wasn’t overly crazy about shorting a market that gapping down over 40 handles on SPX. Though it would have been a profitable trade, the risk/reward wasn’t there. Today sets up for a potential gap and crap, so it is very much worth
My Swing Trading Strategy I sold my inverse ETF position in SDS on Friday for a +3.2% profit. While I’d like to still be in that position today, considering how weak the market was, selling it on Friday did make sense as the price action was well below the lower bollinger band and the S&P
My Swing Trading Strategy Yesterday was a real clown act by the market. I originally closed out my position in SDS for a 0.6% profit, only to have jump right back in the trade later in the day following the Trump Tweet. Right now, I have one staple play and one short position. Indicators Volatility
My Swing Trading Strategy My Long position SDS which provides a 2:1 inverse return of SPY did marvelously yesterday, and helped deflect some of the losses in the two positions I was stopped out of, due to Jerome Powell’s unbelievably and disastrous presser. Seriously, can we end these senseless press conferences already? It’s a dumpster fire every time.
My Swing Trading Strategy I have been playing more conservative ahead of the FOMC Statement Today, I have long and short positions to give my portfolio a more “neutral” balance to it. Depending on how the market reacts to the Fed and its interest rate cut, will determine how I trade going forward. For now,
My Swing Trading Strategy I went more conservative yesterday, adding a utility play while also being stopped out of my software play. The market is showing a sketchiness towards growth plays this week, so far, and I’ll be looking to avoid such plays until the market can steady itself. Indicators Volatility Index (VIX) – Downtrend in
My Swing Trading Strategy I added one additional long setup on Friday, while holding on to the one other position I came into the day with. I suspect the price action in the market to be limited this week ahead of the FOMC Statement and presser on Wednesday. Indicators Volatility Index (VIX) – VIX could see