Trader Tony

Trading isn’t farming, nobody needs a cow to do the “work”. The work is done in the mind.

Today’s price action favors bears.

December 18th, 2008 by Trader Tony Leave a reply »

Today’s price action in SPY definitely favors bears more. If you haven’t got in yesterday, then I would suggest to wait for a rebound and short. Stop above yesterday’s high, target 88.50-89.00

Posted in Trade Alert

Tags: short trade spx trend following

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- Trader Tony is a continuation of a project I started ~2 years ago with the idea of developing my trading skills and help others to do the same. I will be sharing my thoughts on different aspects of trading, such as short term price movements, options trading, indicators, Wyckoff Schematics and many more. Enjoy the Trader Tony blog and comment.

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