Michael Petryni
Dec 21, 2023

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No. In fact both the NYMO and the NYSI were rising going into yesterday, but there were many, many measures of overbought in the indexes and stocks that said don't be buying at these levels and maybe think of selling or tighten stops (like you're up more than 100% in MARA or COIN, make sure the 100% is locked in).

In options trading I never hold overnight. In swing trading, I would hold until the swing signal goes away (the NYSI turns down). Except for day trading, day/week/month are irrelevant.

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Michael Petryni
Michael Petryni

Written by Michael Petryni

Journalist, film critic, screenwriter, proprietary trader seeking simplicity in trading. https://thegodoftrading.medium.com/subscribe

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