With all the trades done in the new SPY ETF Market Direction Strategy today’s market action suggests it is time for another trade to be setup. Today’s trade returns 4.9% for about a week of risk.
If repeated over the course of a year, this would return approximately 240% annually. My goal is to earn 100% against capital at risk over the course of 12 months. Trades like this one today will go a long way to reaching that goal.
The rest of this trade alert and ideas article is for FullyInformed Members.
SPY ETF Market Direction Trade Alert for July 16 2020
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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