Stopped out

Out stop was activated and we are out. The reason I gave a second chance to this trade was many negative signs that has been collected since 750 area.

While in the first the trade was not going our direction , Thursday and Friday led me think that we are in the right way. The new rescue plan which was published on Monday caused to 7% huge rally and it hasn’t helped the trade.

While I am sure the pullback is very close, there is a chance that market will continue up.
The purpose of stop loss is risk mangment. Swingit has stricted risk managemnt to not risk more than 5% a trade no matter what.

Althogh you think you are right , you can’t win them all.
Not having stop can blow out accounts.

I am confident to have Swingit in new highs over the coming months.

New subscribers site

A new subscribers site has been launched. The new site address -
http://www.index-trade.com/

The main purpose is to have the current status of Swingit clear and shown to all.

I may share there my ideas concerning market conditions that not necessarily linked to Swingit signals.

Good trading

Short closed

We entered a short trade on Monday , at 869.50 E-mini March S&P500 contract.
Right after the fill , the market began all his way down to a low at 806 area within days but then retraced sharply to 831 area on close.

I think this kind of behavior is NOT healthy for markets , to retrace from -2% to light positive area. It reflects that the buyers has no real power to move the index but to only 0.3% advance.

I waited for Friday to be a down day but that wasn't happened(Actually it did after market was closed , the future emini was about 8 points lower).

We closed the position with 39.75 points profit.

Good trading