SPY - Continues Short Squeeze. Dominate Volatility Now! Trade Ideas for Tue Oct 28
Edge spots 400% gainer!
I’m loving the new analysis in Edge but the UI/UX needs work. But here is why I love it!!! I was a cheap bastard with an order in at $1 though edge suggested 1.40 dip buy. it dipped to 1.45. Second signal came in around 2-2.50 and 20 minutes later it paid!
Right now you have to be watching SPY/SPX had have the directional idea selected to see the signal.
Key improvements I’m working on:
— Auto generate the plans and share in chat? (worried the system will flood chat)
— Present Signals in chart of underlying instead of just in Contracts to Watch
— Fix memory leak
Video Lesson/Review SPY/SPX and TSLA
I recorded the video but the audio didn’t capture. sorry guys. will try again this afternoon.
If you are tired of overtrading, not knowing how to plan trades, and want to make more in less time, come join us.
What is Two Hour Trading?
Two Hour Trading is my system for finding and executing trades while spending less than two hours a day trading. My goal is to earn 100-300% on the capital I risk while waiting for 1000%+ gain trades to set up. Key benefits include:
High-quality trades with excellent reward vs. risk
Avoiding overtrading and losses from it
Trading to win vs. trading not to lose
Stacking the deck in your favor
If you are busy and want to see my commentary and ideas in real time consider joining THT-PRO.
Plan for Tue Oct 28
Stick to process. The process and trade setups I teach works. Rinse and repeat over and over again. There will be losses. Any good system will have them. Being systematic also means the gains will repeat and come again too. If you keep changing your system/process trying in an effort to never lose a trade, you will never get to where you want to go.
SPY premarket trading shows upward momentum, closing at 686.03, above the pivot at 684.42. Over the last 5 days, SPY exhibited dips getting bought, forming a bullish bias as price bounced off lower supports and volume spiked on recoveries. Key chart patterns include a series of higher lows since October 24, positioning traders for continuation if trend holds. With 2 big gaps to feel I’m cautious.
Key Events Today
10am - consumer confidence