Failed Trade Good Risk Management | Automated Stops and Profit Takes

This is a little long but it is a good example of why I use an automated trade strategy that limits my risk as the trade goes on. Yes I got stopped but for less that a point when my initial Stop Loss was 10 ticks. This trade ultimately did not work out but the setup was good for a long.

Trading Futures, Options on Futures, Options, Equities, Cryptocurrency and Retail Off-Exchange Foreign Currency Transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.

#PitFuturesTrading
#SierraChart
#Footprint
#TimeandSales
#VolumeProfile
#MarketProfile
#EminiSP500Futures

For more information visit: https://thepitfuturestrading.com