I am hopeful that this trade is in it's infancy. If not, I can always get out and re-evaluate. We are at 2422.75 for reference.
ES Has Topped
- Thread starter Buy1Sell2
- Start date
It's not a swing trade. It's a position trade. That's what we do on position trades. We sit and wait.
yay. Like nothing ever happened, lol
This is starting to read like Mr. Surf's infamous YM short, where he went short at 21087 and swore it would go 1000 points lower to 20087. When it hit the level of ~20400 or something I suggested he capture some profits at that point, and let the final contract ride down and/or take an opposing long to capture if it retreats back.
In this case, B1S2, you've been in this short trade for 20 calendar days. ES is down 20 points, so you're in the money $1000 per contract. At what point will you just cry uncle and grab the money before it hits your stop? One thing I have noticed is that the major equities do not bias short for very long, and you're going to hit the contract roll in a few weeks. Get some green man!
In this case, B1S2, you've been in this short trade for 20 calendar days. ES is down 20 points, so you're in the money $1000 per contract. At what point will you just cry uncle and grab the money before it hits your stop? One thing I have noticed is that the major equities do not bias short for very long, and you're going to hit the contract roll in a few weeks. Get some green man!