Quick S&P EOD update

Just as I haven’t chosen to trade todays short entry at close on the S&P, the market has already moved 4. 5 points (or 18 S&P emini prices) in profit if I had taken the trade!

Still early days but it’s going the right way.

The system has a positive expectancy over time though so to fully get it’s real benefits, I should ideally be trading this every day according to plan. The system also sets a 40 point stop which is a lot, I’m only comfortable with a max loss of 10.

This, of course, can change the expectancy of the system but in modelling it, I’ve found it to still be profitable with a smaller stop loss.

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Category: EOD SP, Trading