Range Day in SPY

I've learned after some disastrous trading days that the day following a strong day doesn't typically work with my style of trading. What does work, however, is fading price extremes. On a day that was basically flat, if you were to fade every time price neared a Bollinger Band with a stop close by on the other side, you could have executed 12 successful trades today.

It is a good idea to avoid focusing on just one way to trade. Having a "toolbox" full of different types of trades can mean the difference between getting chewed to bits on a day like this, or making some decent money.