Only Trading The Spy? Good Idea or Nah?

[BearTrades]

I recently watched a YouTube video from Oliver Velez, I know kind of a shady dude but I liked his video on this topic because it makes alot of sense. If your focusing on the same thing every single day, whether it be an individual stock or the spy you get used to it's movements. What's your thoughts on this topic?

 

[SanMiguel]

Lots of people only do that.
If you're starting out, that's the way to go.

 

[jys78]

If it works for you, then it's a good idea.

 

[Trader Curt]

Nobody knows...

 

[lindq]

I recently watched a YouTube video from Oliver Velez, I know kind of a shady dude but I liked his video on this topic because it makes alot of sense. If your focusing on the same thing every single day, whether it be an individual stock or the spy you get used to it's movements. What's your thoughts on this topic?

I agree. But the downside for new traders is it can lead to over trading. A single instrument is not going to provide more than a few worthwhile setups each week, if even that. And few new traders can handle the lack of action.

 

[qlai]

I've never seen him trade SPY.

 

[murray t turtle]

I recently watched a YouTube video from Oliver Velez, I know kind of a shady dude but I liked his video on this topic because it makes alot of sense. If your focusing on the same thing every single day, whether it be an individual stock or the spy you get used to it's movements. What's your thoughts on this topic?

%%
Sounds fine with me, SPY=liquidity leader. I like QQQ, SDOW+ more...………………………………………………………………………………………………………………………………………...

 

[Palindrome]

Just accumulate SPY, never stop buying and never stop holding. No reason to trade it

 

[trdes]

I agree. But the downside for new traders is it can lead to over trading. A single instrument is not going to provide more than a few worthwhile setups each week, if even that. And few new traders can handle the lack of action.

I don't understand, why would one instrument only provide a few setups each week? I mainly trade one instrument and there's normally like at the very least 2-5 good/great setups per day and 8-20 additional so-so / acceptable setups.

 

[NewTraderAdventure]

I agree. But the downside for new traders is it can lead to over trading. A single instrument is not going to provide more than a few worthwhile setups each week, if even that. And few new traders can handle the lack of action.

I sometimes wonder if these multi thousand post nicks arent really shill accounts out of Bulgari to drum up activity here

Are you an idiot ??????? Or a moron. Pick one

SPY = ES futures

Would you tell a futures trader there are only a few setups a week, especially now ?
I vote this the dumbest post of the year