GIFTEC

250% PROFIT SPY 0.68% DAY TRADE TODAY GREAT WAY TO START JUNE

AMEX:SPY   SPDR S&P 500 ETF TRUST
250% PROFIT SPY 0.68% DAY TRADE TODAY GREAT WAY TO START JUNE
Day trade the S&P 500 0.52% using SPY 0.68% weekly options that expire every Wednesday and Friday for daily profits
Today's trade
Opened and closed today.
June 1, 2017 SPY 0.68% 060217 242.50 C BOT @ $.18 SOLD AT $.63 FOR 250% PROFIT
Profit potential everyday.
Leveraged opportunity for leveraged profits.
Nice trade congrats!

Can you help us understand how you decide to go long or short (call or puts)?
Reply
GIFTEC kbynum2
@kbynum2, Swing trade using indicators adjusted to help find the TOP and BOTTOM on the charts. Buy PUTS at the TOP and CALLS at the BOTTOM
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kbynum2 GIFTEC
@GIFTEC, nice. Can you be a little more specific? I get the, "Buy PUTS at the TOP and CALLS at the BOTTOM" but what indicators are you using to find these TOPs & BOTTOMs?
Reply
@kbynum2, I agree. A little more clarity would be great. That comment is the same as "buy low, sell high"
Reply
GIFTEC beamer21
@beamer21, ,Lots of indicators like MACD, RSI, Pivot points, Stochastics, Aroon, Parabolic SAR, DI, moving average crosses or even prices crossing a moving average can be used to find turning points which can be top or bottom entry or exit points.
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kbynum2 GIFTEC
@GIFTEC, great thank you. Can you tell us which particular strategy(s) you utilized in these last couple trades? Your list is awesome but, it is also like all inclusive and just a listing of indicators that could be used.
Reply
GIFTEC kbynum2
@kbynum2, My strategy is all inclusive swing day trading. I apply multiple indicators, look at support and resistance levels, I follow news events, even what day of the week it is. Monday is usually a lazy day going nowhere as the market decides on a direction. Tuesday and Wednesday are quite often up days. Thursday and Friday tend to be down days. Fridays can be very profitable down days as traders take profits from Tuesday and Wednesday up days and close positions ahead of the weekend. If Tuesday and Wednesday are up days Thursday and Friday can be bargain hunting days and be rally days. This Friday after the run up I was pretty confident there would be a sell off and there was. So you should use lots of analysis before you risk your hard earned money. Try to make the odds as much as possible in your favor. Do your homework and due diligence.
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GIFTEC GIFTEC
@GIFTEC, correction If Tuesday and Wednesday are down days Thursday and Friday can be bargain hunting days and be rally days.
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