Decent trade logic , but overall relatively poor performance, however I had a specific goal & I was trading with hyper caution & tight stops to not end the month under my first goal which I’d reached & without giving back any significant profit proportionate to my current performance. This was poor performance for one because I’d done no game planning prior, and second because I wasn’t even at my main workspace, I was trading off my laptop at the Drip office mainly out of boredom. I opened the platform, saw a decent area to short on /ES & took the short on SPY with an extremely tight stop. What I did do well was go into the trade with a wide enough stop loss & comfortable with losing the predetermined amount. What I did poorly was not holding the bulk of the trade for the bulk of the move, but given that my secondary monthly price goal had been reached, I cashed out with enough to keep myself in a good mood. My /ES levels seem to be followed almost perfectly, & pretty consistently. I’ve done well in trading SPY based off /ES price action, which hopefully bodes well, as I’ve now discovered that the likely trajectory of my future in trading lies in trading futures, not options.
Need to reconsider secondary goals, right now I have goal to increase size & hopefully profits by a consistent 75% month over month. I hit my goal of 75% more profit from last month & my next goal was 100% profit over last month.
