Each morning I have entered into two sometimes three trades using the Trading For Pennies Strategy on the SPY ETF. I am only posting to the trade tables those trades I have written about. As explained in other pennies strategy articles, I do not see the point of filling up the trading table without having a strategy analysis done to explain why trades worked or failed in order to assist those investors interested in learning how this strategy works and tweaking their own for better returns.
This morning (June 17) is a good example of what was a perfect Trading For Pennies Strategy trade. The weakness in the morning was to be expected what with the news from the housing market and inflation. But the general underlying trend is still quite bullish which we have seen daily through the advance decline numbers. This makes trading with the Trading For Pennies Strategy much easier as the general trend is up meaning that most downturns at this stage should continue to turn back up. This clue to entering this morning’s trade was the Fast Stochastic and momentum.
SPY ETF Trading For Pennies Strategy Analysis for June 17 2014
For this trade I have broken it down into sections to make it easier to follow along and learn how to apply the strategy. This strategy article explains the technical settings used, entry and exit reasons and the results for the two trades I did today with the Trading For Pennies Strategy. The return on this trade was 27%.
This FullyInformed USA Members Strategy Analysis of the Trading For Pennies Strategy trade can be directly accessed through this link or USA Members can login here. Non-members can join here or read about the benefits of a membership.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
Trading For Pennies Strategy With IWM ETF Links For Members
The Trading For Pennies Index Page (A Great Place To Start Understanding This Strategy)
The Trading For Pennies Strategy Explained (Learn the Strategy Here)
Different Trading Platform Settings
Trading For Pennies Trade Alerts (trade alerts as they happened)
Trading For Pennies Strategy Trades For 2013
Trading For Pennies Strategy Trades For 2012
Other Articles About This Strategy
FullyInformed Members Questions And Comments
Frequently Asked Questions About The Trading For Pennies Strategy