Here are the morning SPY ETF trade notes for Wed Oct 24 2018 for the day after the big plunge and rally.
These notes are for before the markets begin trading.
No trades were carried over from Tuesday.
Tuesday earned 30%. While I am not expecting as wild a day on Wednesday, it should still be choppy and premiums should be quite good for SPY ETF options.
Remember to take profits as they appear since markets are very volatile and profits can disappear quickly as you probably saw on Tuesday with my third trade. It took a lot of additional trades to repair that trade. I could have avoided this if I had taken the profit when it was there rather than holding out, thinking profits would be better by waiting longer.
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 a strategy and determine its suitability for use, before risking actual capital.
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