Red Day

Lets just get to it::::

Those numbers I gave you last night, the 515 on the SPY and 5115 on the S+P 500 didn’t come by magic. That was the 2nd support line that we hit and bounced off of today. 520 was the first once we broke 530……That came from data of past proven price action in combination of where the Options were.

It’s not new, been going on since advertising was invented, services promising you 95% returns, any market condition, works 100% of the time. Yeah, okay, let me know how it worked out today. There is a lot of that out there, especially right now, and we are not fans. We here at investingwithfaith.com share the facts, only the facts and nothing but the facts. That comes in the way of proven price action, combined with where the Options are being bought and sold. Now add those together and you get winning trades like we took in GE today.

Here’s the play::: We bought GE Bull Call Spreads for SEP at the 155 / 160 Strikes. We did so as the buying came in on the Order Flow. We bought when the price hit $153.70 and closed it out today when it hit $159.00 If you’re a more advanced Options trader you may be asking why the SEP and not AUG and why only at 159 and not hold on until 160? Those are both great questions. The short answer is the 159’s were close enough to max with todays volatility when we saw the days pullback coming and we took SEP for extra safety.

We like GE here, and plan on adding it back into play for some swing trades if it holds this level. This market may not be done, we don’t know yet if more shake and bake is on the way. Defense is the name of the game here, this is no time to “be a hero” Wait on your setups, let the trades come to you, don’t chase and don’t get trapped, and that will help you not only on red days, but on all days….

Invest wisely, live charitably and be well

Brother Bill

DISCLAIMER: All content provided in this newsletter, blog, webinar, video, chart, communication is for Educational and Entertainment purposes only. Nothing included or mentioned is meant to be construed or used as trading / investment / financial advice. Trading / investing carries risk of loss, losses can and do occur. NO recording aloud...Know your risk and risk of loss before taking on any financial endeavors. Past performance is NOT a 

guarantee of future success. I am NOT a licensed or registered financial advisor or tax accountant. Prior to making any trading / investing /  financial decisions you should always consult with your licensed and registered financial advisor and tax accountant. There are no recommendations or solicitations  to buy, sell or hold any stock, future, options or bonds, cryptocurrency or any other financial entity in this newsletter. Nor are there any recommendations on any type or way or method to trade / invest. You do not have permission to redistribute this newsletter without my written permission first. 

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