New Swing Short In S&P 500 Futures
In this morning's video, I talked about the risk shifting to the downside in the short/intermediate-term for equities and other risk assets. Using this test of resistance in many of the major indices to get short and look for a move back towards the low of the day. Reward/risk is about 4:1, and the risk is well-defined against the highs of the last hourly candle. Risking about $65 to make ~$300. Stop and target order in...letting it play out from here.
Note
Decline happened a lot faster than I expect. Made about 3.5x my risk, so taking profits. +$205 on the trade. Nice one in terms of process and p/l. Will review in tomorrow's morning video.
My trading plan: bit.ly/2MM9vVv
My trade log: bit.ly/3bqoQW5
My trade log: bit.ly/3bqoQW5
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My trading plan: bit.ly/2MM9vVv
My trade log: bit.ly/3bqoQW5
My trade log: bit.ly/3bqoQW5
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.