Trade Micro E-mini S&P 500 at 3823.00

January 22nd, 2021: Buy 1 MESH1 at Limit price 3823.00 on CME Group.

Price chart of MESH1 daily bars up to January 22, 2021 with Volume. Source: CMEGroup.com

Details on futures contract, price bar and risk disclosure, click here.

Price chart of MESH1 1-minute bars on January 22, 2021 with Volume and Williams %R 14 . Source: CMEGroup.com

Spike in volume and price decline on Europe market’s open. Williams %R setting 14 indicate price in relations to past price bars.

Record for my trading education, not intended as investment advise.

Update: February 3rd, 2021

Exit long position at 3839.00 on February 3rd, 2021 from entry at 3823 which is a profit of 16 points or $80.00 after 13 days or 9 trading days.

Price chart of MESH1 daily bars up to February 3rd, 2021 with Volume. Inidcated 3839. Source: CMEGroup.com

Note:

1. I fail to exit at a profit the next day because I was hoping for more profit.
2. I suffer a draw down of over $700.
3. I was trap in losses for 9 trading days or 13 calendar days.
4. I lost the opportunity to buy at 3720 and profit over $500.

These are the lessons from this trade.