Here are the SPY ETF Hedge Portfolio opening trade notes for Fri Feb 9 2024 following a slightly higher close on Thursday which left the SPX just 2 points from 5000. I also updated the support and resistance levels after yesterday’s higher move.
I take profits as they appear, as markets are volatile and profits can disappear quickly. I stay with option strikes that have plenty of volume. If taking a loss, I keep them small.
Not all strategies are suitable for all investors. Trading the SPY ETF intraday can be difficult and end with losses. This type of trading is for very active investors who love intraday trading. Make sure to paper trade to learn the strategy and determine its suitability for use, before risking actual capital.
Spy ETF Hedge Trades And Intraday Market Updates For Fri Feb 9 2024