S&P  500 Futures Trading Blog

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Exit Long S&P 500 Futures Position For Big Loss!

Wednesday, 24. May 2006
2/23/06 $25,000 - Current $23,093

The Charts dictated it's time to take the loss ($-3243.75) on the long position we have held for the last several sessions (breakeven 1298). The previous blogs will tell the story of the trades that seemingly were going to reap profit but has now become a loss.  The market has consistently made lower lows with tremendous volume and increasing volatility. This combination does not bode well and demands immediate action. Its easy to recall statistics about the current market that some suggest is an anomaly, but it doesn't matter. This is what markets do. You put the trade on and manage it to profit or loss and move on. Going forward, the added volatility should be helpful to making trades work.


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