Down 91% trading spy
You know the story.. I lost my six figure job and started trading in June. I was up when u started i was up 90% my first month. Then
up n down in July until the end of the month when it all blew up. Since just been getting rocked over and over. Strange part. People have requested my strategy & won BIG with it. Apparently it works,
when others follow it..
It’s basically using the MA 5/9/13 supports & following the cross of the 5/13 MA when the cross happens after the stock rejects resistance. And using bollenger bands as guides for the top n bottom of the market to assist in entry point placement. When the Williams fractals and the bands both correspond and the MAs reject then intersect I used to correlate to good size returns. But somehow I either forgot how my strategy works or it’s better in the hands of others. I got 3 friends up 80%, 40% & 63% respectively.. me not soo much at all
anyway I need a new job & another strategy or maybe I’m just cut out as a trader. This is the 6th or 7th time I’ve blown my account up from wins to epic losses. Finally decided if I’m just gonna give the money away anyway might as well donate it to someone who isn’t gonna just give it to Webull & the market 3-5 days a week.