02/10 – ETF Trading – Rats!

Rats! – we should have taken the trade on Monday! Prices for SPY and SSO moved higher yesterday. As such, our entry signal did not trigger and we did not enter the etf trade.

Patience, dear Trader – we’ll just have to wait for a stock market pull-back to trigger some new entry signals – and then be able to recognize the signals!

An updated stock chart for SPY is posted below.

Want more information about how I trade etfs? Discover the etf trading strategies and entry signals I use. They’re found in the book by Larry Connors: High Probability ETF Trading. I think I’ll re-read Chapter 8: An Introduction to TPS. You can get and read it here.

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