06-14-2024, 10:59 AM
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#2022
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Member
Join Date: Dec 2011
Location: Houston, TX
Posts: 3,198
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Quote:
Originally Posted by ajlaxmn
I took the early entry bounce, trimmed at 5416, left 3 runners all the way until ATR test again, thought about reloading 3 more contracts, didn't, out at 5418 again. $288 gain on the day.
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Quote:
Originally Posted by ajlaxmn
6/13/24 – Consumer sentiment at 10, once again SPX hovered close to ATR prior to consumer sentiment, then shortly after consumer sentmient dropped, SPX moved down. Watched entry for 5403 ATR for bounce. Entered at 5404, short of 5403 ATR. Sold 3 contracts at 5418, held 3 runners. SPX moved backed down to 5403, considered adding to position, but didn’t, held 3 runners. Held 3 runners until 5418 again, SPX was chopping around 5422 ATR and 5403 ATR, so sold remaining 3 runners. $288 gain on the day.
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That was a good trade even with the early entry.
$288 seems low as the contracts moved nice unless they were OTM.
Which contracts?
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