24th January – a respectable loss! S&P trading
First trade was a short at 134500 when the market bounced up from a fall and hit the 5 day MA line and stochastics were looking to cross towards the downside. Unfortunately I was wrong and got stopped out. Second trade was another short at 134725 at the market hit the previous swing high level… I was proved wrong again. By this stage, I was nursing a -14 loss!! Ouch! Hmm.. then I saw an opportunity to short again when the market hit the top of the channel and I put on my trade.. luc
