Note: Trades via Think or Swim active futures trader functionality, demo account.
ES#1 -37.5
This was a short on contact with a major level. Forget how determined it, but noticed at blue symbol. However, did not aggressively protect downside, was expecting a move back to the lows shown. Instead, price formed this converging channel thing.
ES#2 +125
ES#3 +75
ES#4 +87.5
ES#5 -87.5
In this case we aggressively protected position but entry was simply not good enough. Entered on break of rectangle top, not enough downward price movement to justify trade, could have used Fibonacci to see this beforehand.
ES#6 +150
Total: $312.5
What really helped most of these trades be profitable: aggressive protection of position via stops. Since most of these trades were not major moves. Therefore it stands to reason I need to work on predicting major moves. Not so good at this. But still, "every trade starts as a scalp"
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