Scaling in part 2

[fan27]

My last scale in trade was on the long side (actually only one trade....lower scale in points were not hit). I am now scaling into a short MES position. The position size is low because I am willing to take some heat and sell more at higher prices. Looking for at least a retest of the lows.

Short 3 MES at 2746.25

 

[fan27]

My last scale in trade was on the long side (actually only one trade....lower scale in points were not hit). I am now scaling into a short MES position. The position size is low because I am willing to take some heat and sell more at higher prices. Looking for at least a retest of the lows.

Short 3 MES at 2746.25

Bailed on this position today at 2933.
-$2801.25

So this basically wipes out the gain I made in Scaling in (part 1).

 

[ironchef]

First call was great. Why you decided to short when going long made you money? Didn't they say let your profit runs?

 

[maxinger]

quite a nice bullish channel.

 

[fan27]

First call was great. Why you decided to short when going long made you money? Didn't they say let your profit runs?

So if I make money going short, I should stay short because going short made me money? We can discuss the merits of the trade, but not quite following your logic here.