Entry: 344
Exit: 348.30
PL%: +1.25%
Decided to manually exit the trade early with a small profit for a few reasons. I traded the March contract which currently isn’t the front contract (it’s currently May). Although the open interest is still fairly high for the March, I didn’t feel comfortable holding on to it. Secondly, I’ve realized that if a chart doesn’t run within the first few days after it breaks out, it gets more and more likely that the trend won’t run. I’ve gotten burned in the past, prematurely dumping a position only to have it run. However, I can live with this as it’s built into my particular system.
I’ve learned that for any trade or position, if it just doesn’t feel right for any reason, it’s better to get out of it than to hold on and gamble. More often than not, your instincts are correct. If your gut proves to be wrong on a particular trade and it runs after you unload it, at least you can still sleep better at night and know that there will be more opportunities in the future.
JL Nexus 