Long 5 MES micros. Almost 3.5 to 1 profits to loss. Roughly risking 1K to make a little more than 3K. Now that I am trading multiple contracts on these swing trades, I may scale out on the way up if up we go. Stop loss is just below today's low. If it stays up and the trade survives the day, I'll be looking to tighten that stop loss closer to the 6000 level. I did some NQ scalps this morning and the profits from those scalps covers about 70% of the risk on this swing. In my mind, the true risk on this trade is $278 ($969 - $691 realized NQ profits). Current snapshot, the unrealized is the open MES.
one trade so far for me. Closed it too early. I would have actually had a loser of two if I'd have traded earlier but was luckily busy at work
volfefe, tariffs are on type this questions in chatgpt, you won't like the answer How Soon After a 2s/10s Yield Curve Uninversion Does the Stock Market Correct Itself?
Still a take your money and run kind of market in a wide trading range at all time highs. Now, I've said one shouldn't confuse economics with trading, but I do think there's too much uncertainty at the moment to warrant any persistent up trends. I can be wrong. March so far is an A. No V. End of month this Friday. A leg lower to close this month seems possible, unless Nvidia saves the market after the bell.