Wednesday, June 5, 2013

If You Want to Be Long...

This is of course for a shorter term, speculative trade, NOW is probably a pretty darn good and likely last chance. You can enter a SPY or leveraged ETF and use the intraday lows as a stop-not right below them like everyone else, but somewhere not so obvious.

That's a pretty low risk trade. Remember the difference between amateurs and pros is that amateurs try once and walk away from a good position, pros take a small loss and will try again for a good position, some time again and again until they get the entry they want, the key is keeping losses small.

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