Last Monday, September 20, the market collapsed through the 100 day moving average and I placed a protective or insurance trade in case the market continued to fall to the 200 day moving average. That did not happen which means the loss in this trade could be quite large.
Here are the steps done to repair the trade and return it to a small loss of $50.00 (fifty dollars).
The rest of this trade alert and ideas article is for FullyInformed Members.
Repairing SPY ETF Market Direction Portfolio Trade Alert Mon Sep 27 2021
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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.
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