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.. luckily for me, it went my way and I got out for a +12 profit.
Overall, a respectable and tolerable loss!
24th-january.gif

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Category: Emini futures, money, Trading