Stock Trading Recap | Bears Control the Close 9.3.15

Our morning game plan for the gap higher played out according to script.

We were looking to short-sell a higher open-only if, we saw a higher push in price action off the open print.  We expected the selling pressure to come in around the previous day’s low but the SPY traded a little higher before the bears came out to play.

The reason for the short-sale was because many of the high-beta stocks, financials and energy stocks did not show us sufficient buying to get long again after a few days higher.

Stock Trading Recap | Bears Control the Close 9.3.15

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About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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