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.
Just can't seen an obvious reason to close out this short right now. There is a downward trendline that had formed on daily and ES could bounce significantly and not violate that. We are at 2423.50 for reference.
That was one badly managed trade. I know you are for the big one, but after being up nearly 50 points, you managed to give 80% of it back. Currently it is again in your favour, but scaling out would have made you some dough.... Just messing with ya!
It's not a swing trade. It's a position trade. That's what we do on position trades. We sit and wait.
With pricing here at 2436.75, I see no obvious reason to get out of my short position. ___Holding on to short____
Currently 2442.50. This bounce should stall out under 2450. In fact, there is a 60 percent chance that the top for today is in.
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!