Here are the morning trade notes for the SPY ETF Hedge strategy for Thu May 9 2019.
I am expecting more volatility on Thursday and another negative close.
Make sure to review the support and resistance levels.
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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