The following information is for educational and entertainment purposes only. Rio Verde Trading and the author make no claim that anyone can or will achieve similar results in their trading.
A trade set up in SPY on Friday, January 27, was confirmed Monday, January 30.
January 30: Bought to open 25 SPY at 227.62, net $5,692.50.
January 31: Buy signal continues, bought 25 SPY at 227.59, net $5,691.75.
February 1: Sell signal, sold to close 50 SPY at 227.58, net $11,371.00.
Net Loss: $-7.25, ROI -0.24%.
January 27 was also a set up trade for IWM, which also was confirmed January 30 at 134.29. January 31 produced a sell signal for this trade not taken, at 135.23, producing a profit of 0.94 per share.
Disappointing, missing a profit in IWM and having to settle for a small loss in SPY. However SPY historically has been the most consistent performer of all the ETFs I follow. When multiple trades develop simultaneously, I will stick with SPY, it will work out better in the end.