#Market The job growth just won’t abate… private sector growth way above expectations this morning, and market reacts negatively because it may signal continued rate hikes. Same could happen after tomorrow morning’s monthly report. I will not be trading tonight or tomorrow because of that and my schedule, and will likely skip a Monday trade as well.
Today’s trade is threatened but I did not stop out. The recent range has been pretty tight in terms of CLOSES…. intraday can get wanky, but last time the market closed in breach of my strikes was November 30 (I had stopped out earlier in day, so lost 4.00 rather than 20.00). In fact, I tracked all my #SPX1dte trades since May 1st, and I would have made about 13% more profit if I had followed a “no stop” approach, taking a few big losses but eliminating all of the small losses from stop-outs that ended up being unnecessary. So I’m analyzing the whole year to see if a no-stop approach would be okay.