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TRADING BLOG EP. 25 - TRADING A BALANCED MARKET

Today, I went long on the SP500. I had a bullish bias for the market due to us being over-extended after we sold off pretty hard on Thursday. The market started off as being very rotational, so I had to make do with what the markets were showing me. There were a couple of trade opportunities off of the upper & lower extremes of the day that I missed out on.

So when the market came back to the lower extremes, I knew I was interested in taking a long back to VWAP & possibly back up to the upper extremes. I saw sellers getting trapped at the lows, which is a great sign that a big buyer is supporting the low of the day.

The market ended up sweeping the low of the day for a quick liquidity grab. But when it did this, it tapped right into my point of interest. From here the market rallied to my target where I took the majority of my profits out of the markets. I let the rest run at break even, and eventually got stopped out for no profit or loss.

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