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Thursday, September 29, 2016

I Love Down Opens - Here’s How To Make Money Day Trading Today


One Option Trading Blog http://ift.tt/2ddkvpI Posted 9:30 - The market is searching for direction. There is no pace from one day to the next and the price action is random. You can see in the chart below that the SPY is chopping around in a range. Swing trading is difficult, but there is good news for day traders. The long-bodied candles in the chart show that once the direction is established each day there is follow-through. Here are some guidelines that I'm using for my day trading. Market Opens Lower - Look for relative strength and wait for support. Once the market decline stalls, get long. …

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