Was having a great trading day so far so I decide to do one last trade and nailed $SPY again for a quick snatch and grab! $6 / 12.5% gain. Done trading for today.
Saw a reverse head and shoulders so I figured $SPY was about to drop. Wasn’t sure but it worked out.
This was a good trade, even though it was a cost. I cut my losses quickly, followed the price action in both higher timeframe and lower timeframe charts, EMA 3&8 showing bullishness in 5min, 3min and 1min charts. $SPY bounced up off POC in 1min & 3min charts, didn't play up @ h.o.d. and moving up toward POC in 5min chart. Overall, markets were red for the day, but trending up intraday. 4hr chart shows up trend. Considered this to be a turn up after a pullback.
This was an attempt at trading multiple contracts. I initially bought (2) contracts at .22 then bought (1) more contract at .19, bringing my average down to .21. Then I sold (1) contract at .23 and figured I’d quit why I was ahead and sold the other (2) contracts for a total profit of 9.52%. I’m good with that.
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