Here are the trade notes and intraday support and resistance levels for the SPY ETF Hedge strategy for Thu May 19 2022. Today’s SPY morning notes contain some questions from an investor who missed Wednesday’s big decline and never placed a single trade. He wonders what could he have done differently to profit from such a decline.
Make sure to read the introductory notes for today.
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 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.
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