Tag Archives for " stop loss "

A Nice Come Back – Swinging

Coming Back After Being Down

I got shaken out a little early in the trading day as it will often happen to us traders that is trading small contracts (as of now I am trading 1 or 2 contracts at a time). As the day went on I waited for the setups to happen. There was a big dump I didn’t catch so I waited for the pullbacks, the continuation down and worked my way back into the green with some profits. Watch the live trading session to see how I did it.

Making Up Losses

Making up losses

First let me say that I was trading AH (After Hours). I usually don’t trade these hours because of light volume which can cause gaps and spikes or no movement at all. I saw a setup where the ES was below 2100 and I thought what a good short it would be if it dumped, after all 2100 is a big psychological number- go long over 2100 and go short under 2100 is my mindset. Makes sense but it didn’t work out that way and I was stopped out by a spike that rallied 4 points or $200 (it could also have dropped 4 points in my favor). So today I was in the markets making up the losses instead of making fresh profits today.

Targets Too Far To Get Hit

Targets Not Getting Hit

Today seems like my targets was too far and the price was not making any pops. For a trend trader this would have been a good setup but for a momo trader like me, most of the time I like to be right or right out (notice I didn’t say all of the time).  If  I am up a point and half to two points in the green, I will more times than not take a +1 tick break even trade and not let the trade turn into a losing trade.