Trading in the stock market can be a frustrating experience. Just when you believe you are about to make a lot of money, you lose more than you thought you'd make. I would like to share with you a system that after years of trial an error, has proven to guarantee higher returns than investing in the Standard and Poors. I will post in this site when to buy and when to sell the SPY and in a year you'll get a higher ROI than just buying and holding it.
Thursday, May 26, 2011
Sold UPRO at 79.40 Today
I sold my UPRO position at 79.40 for a 2.9% gain. I am cash at the moment waiting for another opportunity to enter a trade. I believe we could still move higher because we haven't reached overbought conditions on /ES (E-mini) on the hourly chart. Once we reach the overbought condition, if we reach it, we'll check the market conditions again to see the trading opportunities. I'll post when this happens.
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