ES Journal - 2021/2022

My first trade of the day

 

tryong short here 4355
12 point stop

 

Hey LF, Let us know what your daily % report indicates!

 

Excellent action, and expected, for the down case. --Staying short

 

I don't normally look at individual stocks, but with AAPL ER, being weighted so heavily and being near resistance, was watching this and it saved me from fading too aggressively and getting trapped. Now can look for better entries

 

4355. Edited

 

stopped. Done for the day. Have a good weekend all

 

As one can see, there is plenty of room for rallies without the downtrend ending

 

Why not get out of position when reversal possibility shows on smaller time frames and then reenter on larger ones?

 

Could do, but there is no buy signal yet on daily. I would have to monitor the lower time frames extensively for when to get back in and could end up wrong. More entries----more chance to be wrong.