Here are the morning trade notes for the SPY ETF Hedge strategy for Mon May 6 2019.
Monday looks like it could be an extremely profitable day for the SPY ETF Hedge strategy as the futures hold steady pointing to a large decline to start the day.
Make sure to review the support and resistance levels. I have outlined entry and exit points for the first two trades this morning as well, explaining the strategy and how it is being applied.
Remember I take profits as they appear since markets are very volatile and profits can disappear quickly. I stay with option strikes that have plenty of volume. If taking a loss I try to keep it small.
Not all strategies are suitable for all investors. Trading the SPY ETF intraday can be difficult and end with losses. Make sure to paper trade to learn the strategy and determine its suitability for use, before risking actual capital.
This Spy ETF trade article is for FullyInformed Members.
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Review Prior SPY ETF Hedge Trade Summaries: