22nd Oct – S&P day trading update
Hi All,
Hope you all are well. The futures market continued to fall since Friday and opened lower. However, today, the market rallied. There were a few opportunities as I got back tonight.
I bought as the market retraced and bounced off the 5 day MA at 151050. I was holding out for a target of 151450 but it didn’t make it with the swing and I ended up with a scratch trade. I had moved the stop to entry as the market had moved upwards, at one stage I was +11 up on this trade.. nevermind.
My second entry was a short as 150875 with a target of 150525. I hit my target (but I found that my finger kept on wanted to close early.. I’ll have to cut it off if it keeps on doing this!). This was +14.
Total +14 for the day.
