SP500
I took this trade yesterday, and honestly, I think it had great potential. Once it reached 1R, I moved my stop to breakeven to protect the position.
At first, I thought it had stopped me out at breakeven and then continued to my target. But before logging it in my DRC, I checked the chart again and realized it actually kept dropping and hit my breakeven first, avoiding what would have eventually been a full stop loss.
Overall, this week I only had one losing trade on the Nasdaq—a small loss—and two breakeven trades on Gold and the S&P 500. I'm happy with the risk management. Sometimes protecting capital is the real win.
See you all on Sunday! I'm going to enjoy my birthday, which just so happens to be on July 4th. So when you're celebrating Independence Day in the U.S., remember there's also a guy down in Colombia celebrating his birthday too. 😂🎉
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Daniel Zen.fx
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SP500
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