No Take Backs in the Market.
Understanding your exposure on the trade would have been helpful.
1. Always trade with a stop, this limits the risk you are willing to take to make a profit.
2. Always set at least a target or multiple targets. This is how a market maker plays, to make money and move on.
Learn to trade S&P 500 emini futures Weekly chart, we are ending the week with close to a doji. Still in an uptrend but loosing it’s momentum. There is no commitment to keep this up as we are getting less and less volume flowing into this bullish rally in a bear trend.
Hidden in plain sight, even though the U.S. Government prefers to be tight lipped about it, the plunge team which I have been referring to as the invisible hand for the past three years, is born out of the 1987 Crash.
The team is formally known as the Working Group on Financial Markets. It was created by Executive Order 12631, signed on March 18, 1988 by President Reagan.
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