Cleared Profit of $136.01
Open Position Profit of $366.00
Live trading today with two positions! The first batch is 300 shares at $20.50 and then I added 400 more at $20.42. I sold the second batch of 400 shares at $20.76 and captured $136.01 in profit. Now I have 300 left riding from $20.5 which are protected to the downside by the profits and as a result I can afford to hold them for another day or two in case the market will continue its down move.
Second Batch of 400 Sold (Closed Position)
First Batch of 300 Left to Ride (Open Position)
Downside Targets ES Minis (S&P 500 Futures)
I'm anticipating a high probability market bounce around 1307 +/- a few. However, should that fail there should be a sizeable flush to 1300 and 1295. In any case, that spot is good for a decent reversal.
Downside Targets TF (Russell 2000 Futures)
On the other hand, I'm short the Russell which seems like it has a bit more room to give back before a potential bounce. So far, we've given back exactly 50% of the gains from the May 20th lows. What I would want to see is an overnight move to 755.
0 comments:
Post a Comment