Another key lesson👇
Very critical to know your timeframes here...Great risk vs reward into ATHs if so.
Basically, we talking 30-40pts max risk for 100-150+ potential on ES. Meaning 3-5x your risk if trend week plays out.
Determine whether you are scalping or swinging or both
Scalping may get stopped run/paper cuts today if you're not careful (like we did get poked here and there today, no big deal...random distribution of wins +losses in this game)
For swings, all you need to do is just worry about your stoploss placement + average cost basis....stoplosses must be placed beneath the must hold support for the next few days (we're still strongly above support)
See the 4hr white line projection for visual aid.