Swings and scalps

Should have taken profits at the 423.6. Holding for more up room to balance this range. Measuring the move of the peak or trough, the first wave formation, seems like the best way to draw these.

Long on the 38.2 bounce, max margin. Also sma 50 rejection. I've been maxing out margin then stopping out if I had more margin I could withstand drawdown like I used to a few months back. Still testing stop sizes and position sizes. I have tripled my account overnight and also scalped the gold account to over $300 then lost it all the same day over leveraging and stopping. When I polish my method to precision I can scale up the size.

Is this in the confines of good r:r?

Hoping to move the second stop to breakeven asap then wait for the 423.6 exhaustion.

Just to see if this is a top, common pattern before it shoots to the 423.6.

Betting that it fades. Categorizing setups, a grade, b grade, etc. The richest traders take fewer but better trades. You can't bench warm forever though. This is at resistance.

Minimizing risk stop at breakeven. See if its too soon.

More risk.

Order still in from yesterday, tight stop and large target, I will trail the stop throughout the day. If it correlates metals then the longs should do well. Done trading for now. I'll check at lunch.

Entries at the fib levels. Stopped. Losses are bad but I have a tiny account. Metals went against me, SPX barely stopped. Now there is not even enough margin for 1 position to jump back in and recover. Low account balance trading has this going against it. I'm not sure I can to be honest. I may have to raise the balance enough to at least withstand a few stops.

More tuition has been paid. It seems so close that I just need to correct basic errors to get profitable. This is a new style of trading but I think it works. Continuing the forward testing. This fib tool has an extra level that price reacted to.