iBankCoin
Joined Nov 2, 2015
33 Blog Posts

Trading $SPY in a downtrend

imagesI have absolutely no clue as to when crude will bottom, the market will quit worrying about crude and when this downdraft will end.

I have traded in and out of $SPY at least a dozen times this week, I am selling or buying to fill the gap, then doing the reverse, not very scientific but has worked like a champ.

I do not hold any positions overnight and am trading about 25% of my normal size.

We are making history as 400 point moves become the norm.

I am adding to positions in my longterm account, but very little.

Good luck and enjoy the holiday Monday.

This year has been interesting to say the least.

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