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
SPY, the S&P 500 ETF, developed a potential trade setup on Friday March 17. The following Monday, March 20, confirmed the trade setup. This is that trade.
March 20: Bought to open 20 SPY at 236.78, net $4,737.60.
March 21: Bought 20 SPY at 233.97, net $4,681.40.
March 22: Sell signal, sold to close 40 SPY at 234.02, net $9,358.80.
Net Loss $-60.20, ROI -6.37%
Two losing trades in a row; and now I am down $21.85 loss for the year.