RANGE TRADING DAY - SPY's RANGE ($446-450)
Apr 08, 2022Small profit today since the market is in range trading day. Short biased for the day and took 5 trades to the short side, 5/5 green trades to end the week.
There are two kinds of trading day:
1. Range trading day - this is characterized by price seeming to go sideways, hence not going up or down in any direction. This is characterized by the buyers (bulls) and sellers (bears) indecisiveness within the market
2. Trend trading day - this is characterized by an obvious market direction in which the chart is going either upward or downward.
Learn to capitalize both kinds of trading day by signing up to our day trading unlocked course.
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