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We start off looking at the 5 minute chart of SPY and Clay sets up the candles you’re about to see. You see that while it violated the 200 sma, it completely obeyed the recent support level just under 279.
Clay pulls up CRON on the 2 minute chart at the start of the day. After setting up a short trade plan using the key 50 sma, we scroll the chart. CRON rips right through the ideal level for entry and continues to stop people out (if they were disciplined). Besides never coming back to break even, the bigger loss is that of opportunity cost. Instead of utilizing your capital into trades with a chance you would just be sitting on your hands looking at an unrealized loss.