$SPDR S&P 500 ETF Trust(SPY)$  Took a $52 loss and honestly it was avoidable. Got caught up in the downward trend and drifted away from my own trading fundamentals. The rule has always been not to fade price action from the bottom, only from the top. Early on price tagged the low of day, which normally reads as the house or market makers signaling that's the floor. Then they spend the rest of the session making it look like it's going lower using the indicators we all watch, while quietly building support around price to pin it. I'll make it back. Just got too excited about locking in a profit and it backfired. Blessings to everyone. We'll bounce back from this level.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet