Clearly stopped out of the long position, order was filled at 3816.84. (top red line)
Approximately 10% loss on the trade. So unfortunately we have erased some of the previos gains from earlier this year.
Based on our model, the short term trend has shifted to negative. As such, a short position has been initiated at close. (bottom red line)
Stop is set at...
We had a standing stop placed at 3816.99, this was filled with the negative price action this morning (Filled at 3816.79).
However, as the day progresssed the day ended up a lot better.
We have reinitated a long position just before close at 3855.99. The margin requirements have increased slightly as of today.
So overall, not a bad trade. We entered at...
Quick update on our SPY CFD swing trading strategy. Entry price was 3797.92 and we have a great profit of 10.83% based on current price. Moving the stop up to 3817. This came very close to getting hit earlier today, but the price has improved since then. Follow for more updates on our proprietary S&P500 Swing Trading System. So far we are up over 20% year to...
$SPY Under our $SPy swing trading model, we re-entered a long positiion at 3797.92 earlier today. Stop level is at 3765.07. Follow for more udpates on the model. We are off to a great start for 2021.
