Orderly pull back in the market so far.
SPY manged to close above short term momentum 8 day EMA. All is well for the Bulls so far. Individual stocks acted well as all the little dips in strong stocks got bought during general market pull back. If you are shorting , it is good idea not to go overboard with shorts and take profit fast. Wished we had more volatility in the market as this grind action tends to be tricky for day traders. As a trader we need volatility, so take it easy out there as slow grind doesn’t offer big range for big day trades. If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course. Our program is designed in such a way that you come out of it ready to trade live in just 3 months. We teach you everything from risk management to scanning to trading strategies. I also share my profitable intraday trading strategy which will make you money short term regardless of Market condition. The class is one of a kind, see why you should sign up for the course here . You will also have access to a private community where you can ask questions, share charts and talk with the instructors or other traders. You can also check out the testimonials from our students.
Also if you are interested in our day trade alert services and chat room , take a free trial! Check them out here.
Follow me on Twitter @szaman and on StockTwits @szaman
Check out our newest Offering “Bulls Vision” ! A brand new screen share product! See through the eyes of @kunal00 while he trades live everyday.