Trade Summary
Ended the day with +$2,250 (+2,206.40 after fees and commissions) off one trade in one minute (between 6:49 AM - 6:50 AM PST) with 10 contracts shorting from 3831 to 3826.50 for a total of 4.5 points ($50/point x 4.5 points = $225 x 10 contracts = $2,250). MAE (aka Max Drawdown, measures how much went against me during a trade) was -$30.80, meaning after I entered the trade, the most amount of money I was negative was -$30.80. This is a good indicator to measure how ideal your entries were.
Why did I short?
After 6:40 AM (PST), price traded below 3837.50. Supply was turned off at 3832, tried to bid higher but couldn’t get back over 3837.50 because more Supply was available, creating Single Prints on the 1-minute timeframe where Longs were trapped. Shorted at 3831 and took profits 4.5 points later at 3826.50 for a gross profit of $2,250 in one minute. Which is about a week’s worth of work when I had a 9-to-5 job.
