Trade Plan for 9/25

Swing Away

Note: The price to new subscribers only will increase at the end of this week. See the announcement here: Pricing Change

The weekly post should be reviewed prior to this. It includes a free video on QQQ 0.00%↑ and SPY 0.00%↑

Link to The Week Ahead

We remain long AAPL 0.00%↑ and GOOGL 0.00%↑ from much lower with profits taken on Friday. They, like the index, have most traded sideways since. Yesterday’s addition of MO 0.00%↑ had another nice day today and NMM 0.00%↑ didn’t do a whole lot. We entered a swing position on IWM 0.00%↑ which can bee seen here IWM Swing

We additionally entered long for a day trade on SPY 0.00%↑ at low of day and holding some for a swing was mentioned as fully reasonable since the entry was at such excellent location. I will be writing a free post in the near future on some of the ways I convert a day trade into a swing. I recapped this long setup along with some key nuance in a quick video seen here: Morning Long at Low of Day.

We were monitoring this range anyway for a bid to come in and it didn’t disappoint. Combining that with a look below and fail of the IB low to trigger a look below and fail of yesterday’s low made it an A+ real time setup and an excellent location to hold runners as a swing.

This trade ran nearly 40 handles with no drawdown, more than 3.5 years at the current price of this service per contract traded.