$SPX Trade on Feb 1, 2021 10:09 from Marius: Tradervue User Stock Trades.

Trade Management & Review

This is an automated model that provides a signal for entry. As much as possible I need not to add additional variables to the trade and trust the model. However I will make notes along the way that may be consistent with the signals.

The global markets reversed from last week's sell off with risk-on US sectors/industries bid up. The model fired off the signal as a go but in the first 30 minutes price started to reverse and took out the gap-up low. This is where I got in with the soft gap fill. These are situations where the risk to reward is largely skewed in my favor. Since this was my first live trade with the model I did not put much risk on. I want to get a feel for the model and learn to clear my own biases and discretionary analysis. This should be automatic and I only should be managing the risk and size.

The trade reversed the early opening pull-back as expected and I took off the trade seeing a 85% return on risk (91% profitability on the trade). In the future I'll be leaving the trade on as designed to expire EOD. I'm only doing this to manage risk and gains from the new system.

Goal is to continue to use this as an additional income to my business and scale-up once I'm more comfortable. This trade was also executed on mobile and future trades will most likely be done so due to my current schedule.