ES Journal - 2023/2024

Why no shorts?

Because through the years I have trained my eyes to see dips to be bought, not rips to be sold. That is natural considering the bull-market we have been in from 2014 when I started until last year.
 
Somehow I managed to snatch defeat out of the jaws of victory. The first mistake was adding to the short at 4001. Downhill from there. Was waiting for the last half hour boost to no avail. Done for today.
You're not the only one. Today's one of those days where you bail out of your trades too soon only to find out later that it went exactly as planned. Well, better luck next time. :)
 
I think we are heading back down a bit to the consolidation (chop zone) and chop around for a month or two, with possible retest of the low. Market acting like low is in, but it's still a bit early to tell. Tech earnings will set the tone...and we all know that's going to be ugly, but need to see guidance.
 
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