Composed_Trader

August 19:: SPY DAYTRADE EXPLANED

AMEX:SPY   SPDR S&P 500 ETF TRUST
how to daytrade spy using the 5 minute candle. When spy gapped down , it made a full bullish 5 minute candle. So , based on thatt i made a decision to go long with stop three quarter down the first 5 min and will keep adjusting my stops. This is intraday , so once goes in my direction, want to get maximum reward with good risk management.

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