20220926, ES1!, S&P 500 E-mini Futures, 1 hr
In brief:
1. For SPOT of SPY
Hitting the mid-term support line.
- Average down cautiously is a good way to have SPY, in our opinion.
If you plan to have SPY *** over five years, try 10 % of your total current cash is reasonable here.
- You may take a 2-year loss on the paper. However, the time will justify this.
-- 10% of current cash in the holding SPY strategy, not 10% of total equity.
- Only spot, please.
2. For Contracts
Still in the downward trend, not a good position to do long.
- Yes, you may do long-entry with a good price this time; however, this is not a good idea in the long run.
As a trend follower, this price/position:
a. Holding short position, set stop loss well
b. Do not do the short-entry position
c. Do not do the long-entry long position
Welcome to follow us and leave a comment : )
In brief:
1. For SPOT of SPY
Hitting the mid-term support line.
- Average down cautiously is a good way to have SPY, in our opinion.
If you plan to have SPY *** over five years, try 10 % of your total current cash is reasonable here.
- You may take a 2-year loss on the paper. However, the time will justify this.
-- 10% of current cash in the holding SPY strategy, not 10% of total equity.
- Only spot, please.
2. For Contracts
Still in the downward trend, not a good position to do long.
- Yes, you may do long-entry with a good price this time; however, this is not a good idea in the long run.
As a trend follower, this price/position:
a. Holding short position, set stop loss well
b. Do not do the short-entry position
c. Do not do the long-entry long position
Welcome to follow us and leave a comment : )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Welcome to follow us with FREE TRIAL
linktr.ee/alpha_a_io
linktr.ee/alpha_a_io
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.