See, even with your PRM you could lose your account if you keep this up. PRM doesn't beat a profitable strategy.
Actually, I started building my short position on 2/21... which was 1 of 7 entries total with one tweak cover, then reimplemented up north to better my cost basis by 18 handles. I didn`t post my position at inception due to building a cost basis with several entries, as my CB would have changed repeatedly. That said, This is one of those set ups & compelling convictions one gets once every 5 to 7 years.. if not longer. That squeeze to 2800 was gut check time as formation was in jeopardy if Bullys could have ran it a bit further.... but yeah, we`ve all been there,man.
Post how much money, and/or what % return you guys made from your trade(s). All I see on these pages are words and smileys and other odd symbols. -- The bottom line is a beautiful thing.
I took over 100 handles of heat on the nq , started building short on the close of the 9th. Puked up half The following Monday and nearly bailed on the rest on Tuesday. I usually trade around a position like that with rty and ym, occasionally es, but I wasn’t getting the upside on those to keep up with the size I had on short. On that Tuesday every timeframe built out engulfing action and I rolled it all to June contact full position. Stated scaling off at 6666, holding a small position for 5700 area. Loookng for 2250 on the spoos now as well. Will keep trading two ways as long as that’s allowed! Nicely done st. I enjoy your commentary and musings.