Shared by
Nanou2012
Trade Analysis
Technicals: The trend had been firmly down since 13:30 and I had been trading the open on my other accounts and was waiting for a good place and time to get back in a short. It came at the Cash open when the price had been stuck at 61.8% (74.05) level and took a chance and went short with 2 contracts.
Outcome: Win. First target reached almost as planned at 36 ticks instead of 40 and I took profit ahead of my target on the second contract as I felt it would come back in my face and rightly so.
Post mortem: A good trade. less micro-management would have been a bonus and in the end my second target at 23.6% would have been reached but it would have been a nail-biting trade as the move almost came back to my entry.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-12-08 14:31:28 | CLF3 | sell | $73.94 | short |
| 2022-12-08 14:32:00 | CLF3 | buy | $73.58 | short |
| 2022-12-08 14:33:18 | CLF3 | buy | $73.47 | 0 |
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