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SPDR S&P 500 ETF Message Board

  • piezodude piezodude Dec 18, 2012 10:16 PM Flag

    Dont trade spy. Trade something with a stronger trend up or down.

    Something like FB after it dropped to 17.55 and became a buy.something like BAC when it $5 a share. You see what I mean, something about to double. Apple when the ipods were flying off the shelf. GLW at $1 after falling from $150. Spy has no obvious force pushing it up or down, and it aint moving enough. Its like trying to daytrade a stock going sideways, or a lot more like that than those types of trades you want to be in. Wait for the obvious. I was messing with Spy, shorted and got stuck out of the money while BAC doubled and FB went up 60%. I like to piece my way into margin so BAC would have been a triple and FB a double.Dont trade SPY.my thoughts.Touvdont want dead money!

 
SPY
208.44+0.67(+0.32%)Dec 26 4:00 PMEST

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