Today was a really good day to trade futures as I am a Short Biased trader. Immediately this morning I suspected the market to go to the downside, and it did. With manufacture report a miss, the impeachment clown show, and the non farm payroll showing signs of economy weakness we may be seeing some short side to the S&P for a little while.
Today’s trade was a short side trade with one contract of the /ES Mini S&P 500 Future contract with an entry @2923.00. I could not have entered at a better spot on a bearish pullback.
I sat in this trade for some time and actually got out a little too early! As soon as I saw that I was 13 whole points in the green I flattened out of my position with a decent profit. I am hoping that the market stays on a bearish course because I am far better at trading tragedy.
As traders I believe most are long biased, but I should warn you if you have not decided to venture into shorting I would say you are missing out on a whole new way of profiting from the market. With Futures trading there is no PDT and every contract is available to buy long and sell short!