SPDR S&P 500 (SPY)

[Another Casualty]

Full cover this morning. For 0.4% gains..its not great, but I think I'm gonna hold out and see how the day plays out. Wasn't liking the way the futures were playing out. Chart suggested side ways trade with possibility of upside for today.

Volatility is trending down. Shorting here could be dangerous at the moment. Seems to be a lot of positive news regarding the virus coming out although I suspect that the southern states are going to be in deep shit soon enough.

I'm not holding positions longer then 24 hours as a rule of thumb. I broke that rule yesterday and held my shorts for 48 hours.

May enter $10K short at the end of the day or I may continue to wait. Patience is my game.

I generally do not short the markets by the way, but until I feel good about loading long term I am practicing my day trading while I wait for the big moves.

Best of luck all so far I've saved face for the week. Although I did miss the bounce monday. I'm looking for long entries with big money. Only playing the day game with small 5 to 10K bets.