Simple range trade with a bearish engulfing candle trigger

Jul 25, 2018

Been following this since the world cup. Trading what "is" and what is to me now is a range. 0.5% risk

Jul 25, 2018

Trade closed: stop reached

Aug 12, 2018

Note

This trade was taken in conjunction with another long trade right after France won the world cup. This trade was partly a hedge or can be seen as locking in some profits upon breaking the previous candle's low when consolidating at the resistance. Profit from the long was taken 3 weeks into the trade. The long trade was taken in reference to a study which finds the index of the country which wins the world cup has been doing better than other world indices, possibly due to euphoria in the country and bets won for betting with their own country.

The long trade should be closed by the end of the month, however, as I will be travelling on that Friday, it was closed one week prior. My close with the profit was due to sheer luck, else it would have made a loss. In this period, SPX had more gains, thus challenging the hypothesis.

Dec 4, 2018

Note

From BTC Trade

Discretionary: 24.825% -0.5% = 24.325%
Planned: 33.14% - 0.5% = 32.64%