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Today we take a look at SPY on the 5 minute time frame. The alert in the pit was regarding a short RvR trade using a key moving average. After talking through logical stop placement and seeing that we are risking a very small amount and stand to gain quite a large one if we get the reversal we are anticipating. As we scroll the chart we see 2 hammer candles form after entry. Some members get scared/annoyed and bail and Clay does not like that logic. If you are not comfortable with the risk at your time of entry you should not have taken the trade. We see that in the next three candles the SPY crumbles past our initial target. It even almost reaches the 200 sma before forming a hammer candle. Those using previous highs stop out and those using moving averages also stop out. This is a great example as to why you need to give your trade a chance to work. You took the time to set up the plan… now stick to it.