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Our purpose is to teach and demonstrate day trading strategies that do not require deep knowledge, vast experience, expensive software, or exotic and complicated investment instruments, and which minimize the high risk that is always involved in day trading. We believe our techniques can be mastered successfully by the average frequent-trader with the minimum $25,000 account required by SEC regulations for day trading, and for whom a day trading strategy and its attending risks are appropriate.
Tuesday, Tuesday
Good morning.
The pre-market is sharply down and on the basis of technical symmetry and the overbought condition we described yesterday, that is not unexpected. See the lower middle hourly SPY chart for a good look at that. I expect that we could see volatility on the level of 8/16, two weeks ago Tuesday. I will not be posting or trading today for at least the first hour while we wait for this initial market reaction to settle out.
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