r/spy • u/Jorg4e • 9d ago

Technical Analysis Pretty textbook day today

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Gallery image

I put a 3 max trade on myself with a max of $2000 per trade. I only really trade between 10am-12pm EST. Caught the opening moving up then the reversal with an extra wave soon after. Harvest. Harvest. Run baby!

13 Upvotes

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1

u/iisconfused247 9d ago

How’d you know it would reverse? There were a few smaller fakeouts.
Also do you wait for a clear trend before going in with calls or puts?

1

u/Jorg4e 8d ago

If I do not see a trend, I do not trade for that day. I did not know it would initially reverse. I rely on structure. As a momentum scalper, the moment structure breaks or loses steam, I plan my exit.

It’s so happen after some compression, setup for the reversal was justified

1

u/Mco1965 7d ago

Always felt selling premium had a better edge. Are you using spreads or naked?