Finally, there was a clear bullish signal, and the market had been going up very steadily as well. This should be the ideal circumstance for a trade. And so, using the pivot statistics, as usual, an entry and exit were determined.
But bad luck struck, and exactly on this day, traders started to sell. Thanks to our stop loss, the damage was limited by what was determined before we took the trade. After the stop loss was hit, the price dropped another 50 points equalling some $2500,- for one ES E-Mini. Our loss was only $706,- This is a returning theme as you can tell from other trade reports. Limiting your risk allows you to stay in the business of trading.