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