I had previously shorted at 1990.25 a little after or around 10:30 am PST. 1st mistake was that I could and should have limited in at 1990.50 which would have been filled. I then was looking for around 1 point which I would have gotten if I got in at a better entry. I then walked away from screen. When I came back the 1 point on the chart was hit but my order was not filled which is what I don't like about ES. Price then moved back up. Since price had previously gone my way, I moved stop which was above the HH and daily H a little bit down. At this point I set limit order on target to get me just 3 ticks of profit which was achieved before market went back up to new spike HH which probably took out a lot of shorts. I also set my stop to BE because now at this point I was looking to get the 3 ticks or BE not have price go all the way back to my stop. ES then did go back all the way down to under where my previous target was at. Overall I like my trade management. I think if my target was not hit, I could have shorted again around the next HH. Yesterday I was able to make long trade since the market pulled back enough with indicator confirmation to get me into the long during the time I was watching the market. Today, we only had shallow pullbacks which I did not want to go long at during the time I was watching the charts.
on any trade if its 5 minutes or 5 weeks,you have your risk determined pretrade,you made a bet, if wrong i take the acceptable loss,if right i take a much larger winner, up for the month on a 28-0 short in week one, some folks are sitting on huge profits here, are they going to ride thru the weekend of jackson hole