On May 10, sp500 turned around and began to fall, I entered short on the head and shoulders pattern and began to wait. Furtherfollowed by Biden's speech and the price sharplyflew down. I was delighted and the next morning I recorded a profit of 660 points (1.6% change in the asset price) or 49 thousand rubles with a deposit of 100 thousand. Moreover, I was sure that the long-awaited trend reversal had happened and wanted to wait a long time for profit, but after pissing, I closed the profit early. As a result, the price continued to fall and by May 13 had already fallen by 1,720 points (over 4% change in the asset price) or potentially over 100 thousand rubles. That means I could double in less than a week. But it didn't work out.
What did I do wrong? I should have simply moved the stop loss to the break-even zone and pulled it into the profitable zone, lowering it lower and lower each time, then I would have sucked all the profit from the fall of sp500.
It’s also interesting that the sp500 turned into a “head and shoulders” pattern - this week the pound and gold turned into the same pattern. Just some kind of combo!
