Ahoy there Trader! ⚓️
It’s Phil…
You ever have one of those trades that just works? No stress, no second-guessing—just pure execution, patience, and a fat stack of profits at the end.
That’s exactly how today played out.
- 📌 Bearish move continues, and I’m riding it all the way down.
- 📌 Another textbook pulse bar entry, compounding into the trend.
- 📌 $3.00 collected, closed for $0.30—90% return.
It’s one thing to predict a move—it’s another to keep squeezing profits out of it while everyone else hesitates.
With two profit targets hit today and more swings still open, I might just take an early St. Patrick’s Day weekend and let the market do its thing. 🍻
Let’s break down how it all played out…
Deeper Dive Analysis:
Some traders like to fight the trend – forcing reversals, overtrading, and jumping in too early. I prefer to wait and collect income – should there be a trend I can ride the wave and stack my profits along the way a little quicker.
📌 The Setup – Compounding Into a Winner
This trade followed one of my favourite approaches – adding into a winning move.
- Price broke down, creating a clear opportunity for another bearish entry.
- A standard pulse bar setup provided the confirmation needed to enter.
- The overall target of 5255 is still in play—meaning plenty of downside potential remains.
📌 The Execution – Set It & Let It Work
Patience did the heavy lifting on this one:
- ✅ $3.00 in premium collected on entry.
- ✅ Buyback set at $0.30, six days later, price was down $185.
- ✅ 90% return, with no in-trade management required.
📌 Why This Trade Worked So Well
- The trend is our friend—no need to overcomplicate it.
- Directional movement helped speed up the profit-taking.
- Compounding into the move allowed for bigger overall gains.
📌 What’s Next?
The bearish move isn’t done yet, and I still see 5255 as a potential target.
For now, I’m keeping an eye on open swings—but with two profit targets hit today, a long weekend might be in order.
🍀 Trade smart, celebrate smart.
Happy Trading,
Phil