Levels 11/30/22

Good Morning Trader!

Quote of the day: “It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.”― George Soros

I took a lot of time to study George Soros. When you hear his story and listen to the way he thinks about things you will be in awe. One of those many times I put my hands on my hips and say that is incredible. If you enjoy reading, try his book The Alchemy of Finance Book by George Soros. Only 2 ways to be profitable trader: 1). As Soros said make more money when you're right then wrong, in this case a trader can have a 50% (or sub) and still be very profitable 2). Have a higher win rate but risk / reward be flat. Example: Risking $1 to make $1 but a win rate of 70% plus. Different way yet similar results

SPY Levels for the day: SPY is flat on the day. Data at 10am, Would not be shocked for another morning full of chop.

No interest zone: 394.16 - 396.09

Above Targets: Above 396.09 and next level I have is 397.05 and 397.97

Below Targets: Below 394.16 and next level i have is 393.58 and 393.23 reach level of 392.66

As promised I will include other tickers:

AMZN Levels for the day: No Interest: 91.68 - 93.64 Above Targets: Above 93.64 and next level i have is 94.04 and 94.29Below Targets: below 91.68 and next level i have is 91.37, 91.37 and 90.87