Daytrading Extreme Lows and Ranges
The market presented the uncertainty of options expirations as well as narrower clearing ranges on the open. This is how we avoided being twitchy and adapted to and stuck to the long side in this market.
The market presented the uncertainty of options expirations as well as narrower clearing ranges on the open. This is how we avoided being twitchy and adapted to and stuck to the long side in this market.
I have a feeling Friday won’t be dull…
This may be the most important distinction when it comes to trade any time frame: How do I want to trade it? Specific to buying through resistance or buying at support. It’s not just personal preference but also a matter of the market’s behavior.
Sticking with the long side and choosing conservative entries and/or call options continue to be the way to trade this market.
We discuss the crazy price action we have seen with whipsaws daily, price levels, and upcoming events to watch for. We also touch on my upcoming webinar and how I have been able to stay consistent.