OK, so this morning I posted that I entered into a short trade on the (/ES) S&P Mini Future contract. The circle at the top of the chart represents about where I entered the position with 2 contracts short. I covered my position very close to the support line which was the overall goal when I decided to enter the position. I did have a scare which almost made me cover early, but I decided to allow the trade some time to work out and let my stop be the ultimate judge. If you go back to the first article you will see I had a stop in place, just above that pullback.
That candle right there (on the chart above) started to pump up back towards my stop, nothing wrong with a little sweat during the trade lol, but I thought that I may end up with a small red trade there. Typically in futures, news can turn the market quickly and without much warning so if you decide to get into the Futures market it would certainly pay off to have access to news quickly.
I think this trade went very well this morning and ended with an overall profit of $500 dollars even. Here at TheFreedomGrind we will be putting more of our trades on the blog early on so that other traders can see what we do when we do it. Make sure you hit that Follow Button so that you can see how we Trade!!! Happy trading everyone!!