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Active trading (or Day Trading) is not a game, it has a very high level of risk. It is possible to lose all of the funds that you invest in your trades. It is not recommended for inexperienced traders or for persons who do not have sufficient resources and time to devote to their trading activities. Active trading is a serious commitment that should not be undertaken unless you are able to handle high risk and high stress well, and are willing to consistently adhere to objective and disciplined trading strategies and approaches.
WeTheTrader is a resource for traders to share ideas about investing and trading the markets with Focus on the (ES) E-Mini S&P 500 Futures.
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About Me
Short ES at 1066.50
ReplyDeleteStill holding the short
ReplyDeletelooking to get out of this short position, waiting to see if I get a downtick
ReplyDeleteinstead of getting out, I have added a contract short at 1070, Will stop out of both contracts if we tick up above 1072
ReplyDeleteMoved my stop to 1071.75, will not tolerate any more buying from here
ReplyDeleteCovered 1 position for a point. Will put it back on if we tick back up...
ReplyDeleteAdded another contract short at 1070.75. Stop remains at 1071.75
ReplyDeleteCovered one contract at 1069 for 1.75 points. Holding the last contract to see if we can continue down further...
ReplyDeleteShort Again 1070.75, another contract
ReplyDeleteCovered one contract for another point at 1069.75. Still holding one contract
ReplyDeleteStop still in at 1071.75. I also have an order to go long if we tick up to 1071.75, so in essence, I will be flipping if we tick up to 1071.75
ReplyDeleteCovered last contract at 1068.75. Well, my initial entry short at 1066.50 proved to be wrong. But in the end, I managed to get back to even and make a small profit, though the market never ticked back down to my entry point. There was a very close call as I thought for sure I would be stopped out when the ES was one tick away from my hard stop at 1071.75, but my price managed to stand strong.
ReplyDelete