Good idea, bad execution.

Let’s start with short trade:

SymbolTypePrice
SPX500sell4391.7
SPX, June 16th 2023

Short reasons:

  • Sell into perceived resistance created by the low of the bearish engulfing thrust bar from April 21, 2022. As much as possible, when scouting charts for shorts, look for previous support levels located above the current price level.
  • Over-extended bullish rally.

Mistakes:

  1. Didn’t seek the best area to do business at. This leads to:
  2. Stop loss too relaxed.

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