Jared Nash
Sep 21, 23
TRADING BLOG EP. 66 - TRADING THE IMBALANCE
I have been very bearish on the S&P 500 for a while now. On the HTF charts, there is a lot of downside potential. Today, we ended up getting a massive sell off just as I was expecting. However, it took me a couple of tries to catch it. At first I got short, but then I got stopped out just barely. I ended up re-entering the market, where I made up for the loss & made some profit.
This has been happening to me more & more lately. I take a trade, get stopped out & the idea is still valid, so I re-enter the trade. I will have to do some reviewing and reflecting to figure out why that is. Today I could have made some good profit on this ell off, but the fact I took a loss prevented that. Most of my profit went to putting me at breakeven for the day & offsetting my loss.
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