The Federal Reserve burned some of our shorts today while the SR CounterTrends shorted within ticks, the highs of the day, and hit profit targets quickly. We go over the videos from today’s trade as it was very challenging with all of the counter trend rallies.
We have discussed modifying exits on SR CounterTrend II to use big Profit Targets or exit at the end of the day but have not traded the setup or put them in the portfolio.
We discuss the five figure setup in the video and then go over the trades today. In the Stock Index Portfolio we basically gave back the last two days of gains.
We will have the latest Portfolio Calculator updates later this evening or in the morning.
Starting the portfolio after a large losing day can be a good entry point.