EBGtrader

SPY - Short Idea

Short
EBGtrader Updated   
BATS:SPY   SPDR S&P 500 ETF TRUST
I know most are optimistic about the market, and they would see it going to the moon.. I hope for it. But I dont see that happening right away.

I make decisions based on:
- What the data/charts show
- My trade plan

Again, its all about probabilities, and I am giving it a higher probability for a dive down, at least monetarily. Until it proves me wrong, thats my plan.

Best trades are hard to execute
Your sleep is dependant on how much you risk ;)


End of Feb expiry #options

Good luck!
Comment:
Price broke the previous highs and slightly went above to collect the liquidity. There is a lot of money sitting at these levels. Everything is still according to plan. Until proven otherwise, I can see it going for a dive lower.
Trade closed: stop reached:
Expired worthless

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