Scaling in part 2

Discussion in 'Trading' started by fan27, Apr 13, 2020.

  1. fan27

    fan27

    My last scale in trade was on the long side (actually only one trade....lower scale in points were not hit). I am now scaling into a short MES position. The position size is low because I am willing to take some heat and sell more at higher prices. Looking for at least a retest of the lows.

    Short 3 MES at 2746.25
     
  2. fan27

    fan27

    Bailed on this position today at 2933.
    -$2801.25

    So this basically wipes out the gain I made in Scaling in (part 1).
     
  3. ironchef

    ironchef

    First call was great. Why you decided to short when going long made you money? Didn't they say let your profit runs?
     
    Last edited: Apr 30, 2020
  4. maxinger

    maxinger

    quite a nice bullish channel.
     
  5. fan27

    fan27

    So if I make money going short, I should stay short because going short made me money? We can discuss the merits of the trade, but not quite following your logic here.