Latest Trade (5 May 2022)

Since my last post, I have only made 1 trade:

  1. Short S&P 500, position size $1.4M, profit $8.0k, intraday trade

Below is the screenshot of the trade captured just before being closed.

This was a bet that the monstrous rise in the S&P yesterday should retrace at least a little. I let it go quickly as volatility is still very high, thus I am inclined to make quick trades when I can.

When volatility is high, there is an increased chance of violent swings in either direction. I did not initiate a huge position size for this trade, as there is a significant risk of a sizable loss in the event of a swing in an unfavorable direction. It is better to keep greed closely in check during this period.

Author: novaliser

I have been trading since 2012, and retired from the corporate world in Dec 2021 after accumulating enough profits to feel comfortable living without a stable monthly income.

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