Bearish Sell Stop Order

My trading plan does not allow me to buy into new highs.

However it's not safe or practical to aimlessly short the high.

A sell stop order is how I safely trade the highs.

I am Bearish to Neutral for now. Waiting for significant signs of bullish support.

Seasonally, the market is Bearish/ corrects on average going into February.

Trade active

Comment:

We are in profit here, almost a 1:1
Pocketing 25%.

Risk management is always Key in this volatile market.

Comment:

Back in profit here

We will be holding this over the weekend.

Once a 1:1 is hit we will adjust our risk.

Trade active:

Stop above the previous high

Reactivating this trade

With proper risk management we will mitigate our risk intraday

Comment:

Overall risk is covered intraday

Let this trade ride and play out

No need to adjust the stop loss as it's virtually risk free

Comment:

This is the safest way I know to trade in this condition next to not trading at all

Comment:

Another 50 points acquired intraday.

Risk is virtually mitigated.

No need to move the stop loss Its still above the high

Target 17000

Comment:

We are in good profit here

Take 25% off the trade

No need to move the stop loss here

Comment:

Another amazing push down

Stops at break even

Remove 25%

Comment:

up 200+ points on short setup. take 25% off stop moved 20 points into profit.
#BearishSwing

Comment:

Fully taking profits here

Great job 👏👏👏

Risk management is everything.

Thanks for following along with the trade idea.

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