S&P 500 Short — 2024-02-05
The objective is not to grade the P&L. It is to grade the decision.
Charts
Trade Review
2/5/24 #SPX SELL Setup This one was one that I did follow my rules and still loss on this setup. Market dropped in the morning and I went against my overall bias because of the drop in anticipation of a cleaner sell to buy and that wasn't the case. The BUY that I was actually looking for only gave one clean entry and that made me think that we would drop for something better to enter from. Used NAS and DXY prices action to confirm my entry which was given but, DXY pushed lower and NAS is hold the DO. I initially went in with a 0.65% risk but as I saw price move against me I adjusted the risk down to a 0.20%. Not the result that I wanted today but I am happy to have reduced my size on the loss and only take one that is less than my average loss.
Entry:4943.914 SL:4650,4945.81 Targets: 4937.21, 4917.41, 4903, 4895.64 Risk off: 4937.21
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