SPDR S&P 500 (SPY)

[Vandalayind]

It don't matter.

What you are doing is reactionary to price movements. Means you're already too late.

Market is designed to make people money who buy today for next year.

You're trying to compete in a high frequency trading world, watching liquidity levels that they create.

Need to be 60% right to even make anything. 50% is break even.

There is no liquidity inside those numbers for you on a longer than a day average.

Everyone knows SPY is probably going to go up or down .3% within the day. It's almost a given really. The up or down first, and the exactly when is the issue.

Just knowing a price point isn't enough. Need to know exactly what time of day that price point will hit.

You have 2 numbers...if it goes up first...you buy the down...if it goes down first you buy the up...if it goes sideways for any amount of time afterwards...the time erosion kills you.

TIME is your enemy...not the SPY number.