09:46 – S&P500 is below pivot P and moving lower, I like the price formation so I enter an order short.
09:58 – price moved up instead and hit my stop loss;
It’s fine to lose 10 ticks, control risk and preserve capital, and you’ll be a successful trader no matter what!
12:27 – S&P500 retracement has lost strength, it turned back down again and made a new low so I enter another short.
14:37 – US market hasn’t even opened yet and price has made a pretty large move down, it’s near the bottom of the Regression Channel so I’m exiting the trade with a nice profit!
09:19 – Gold bounces off pivot P so I enter an order long.
12:27 – price is moving up slowly, so I move my Stop Loss at brake even, I want to let profits run today.
14:37 – US market hasn’t even opened yet and price made a big move up, so I take my profit right away, it’s far more than my daily target, so I’m happy with this.