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

Note

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

Risk management is always Key in this volatile market.

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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

Note

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

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

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Another 50 points acquired intraday.

Risk is virtually mitigated.

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

Target 17000

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We are in good profit here

Take 25% off the trade

No need to move the stop loss here

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Another amazing push down

Stops at break even

Remove 25%

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

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Fully taking profits here

Great job 👏👏👏

Risk management is everything.

Thanks for following along with the trade idea.

Don't forget to follow if you haven't already.

VividFX

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