Sell S&P 500 around 1730 for 4pm EDT end of day expiration
Result: won
S&P 500 closed @ 1725.53
We only do high risk trades if we're very confident
1st reason: overbought, 2nd: resistance found @ 1730, 3rd: downtrend started, 4th: traders should also take profit at the end of the day
That was why we were willing to risk selling stocks despite the good news of no taper
We also did not buy in the first place as we were being cautious because it jumped from 1702.44 to 1716.64 in 2 minutes & was overbought
No comments:
Post a Comment