Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
hey , spx will pump you think ?? / i mean if not all stock crash with spx /dji / new trader here thanks
PlanTradePlanMM
⋅
@TORNADOF5, Sorry, not sure what is your question. My personal feeling, SPY will keep going up in next month, target 410.
TORNADOF5
⋅
@PlanTradePlanMM, yes that was my question /most traders are bearish now /they shorting indexes /well i hope i not late to short / thanks
PlanTradePlanMM
⋅
@TORNADOF5, when most traders are bearish, who will buy the stock from these bearish traders, if no one would buy, SPY should go to "0" in one day. but the fact is "There is a buyer, there is a limit buy order at certain price, to buy unlimited shares." Such as, today, this price is 395.11, all market sell orders could not be sold below this price. " .
thanks