SPDR S&P 500 ETF TRUST

SPY

153
Here is an example of how you can use multiple triggers to enter a trade and manage it on SPY. Many traders use 1 trigger and then oversize the position with no target for exit or stop loss. Using multiple triggers regardless of what they are (there are tons that work and tons that dont) allows for entry confluence and higher probability trades. Be careful not to use indicators that use the same data to give you your triggers as this is not useful. Triggers using different underlying data pieces coming to the same conclusion (BUY/ SELL) always produces higher probability trades.

Safe trading!

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