Jared Nash
Sep 21, 23
TRADING BLOG EP. 70 - LOCKING IN PROFITS BEFORE BREAKEVEN
I had a very nice start to the week. I took a quick buy position on the S&P 500 off of the VWAP & under a Value Area Low. However, I got stopped out at breakeven after locking in some profits. I’m perfectly okay with this outcome, because even though my bias was wrong, I was still able to make money.
I got long underneath Thursday’s VAL. The market traded into the Daily VWAP & I could see sellers getting trapped/absorbed by a passive buyer. Once the sellers ran out of steam, buyers had an easy time responding to these lower prices. Once I got the confirmation in the orderflow, I got long & took the market to the upper extremes.
Related Posts
Jared Nash
Sep 18, 23
Jared Nash
Sep 15, 23
Did You Enjoy This Post?
Share it with a friend!
Twitter
LinkedIn
Facebook