Saturday, May 08, 2021

SPDR S&P 500 - Almost 11 Years of Uptrend

Incredible, about 11 years of uptrend which started around 02 March 2009.

With such long-term uptrend, monthly fixed amount of buying can be done if you have no-time to monitor the market.

However, I don't recommend automatic STI ETF for monthly fixed investment, pull out its chart and you should know.

Self homework is important even if you want it to be auto.

Monthly Chart of SPDR S&P 500 ETF Trust (SPY)


Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

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