Traders,

I have entered my first short trade for our $10,000 portfolio challenge. You may remember that just a few weeks ago I was long EOS. I cashed out with 10% profit. Shortly after that, it took off for even more of a pump. In this climate, I am not really expecting much to move above our 200 day moving average. Therefore, I have made that my stop-out area, specifically, $1.75.

Now I have only entered $771 or 7.8% of our portfolio at only 1x leverage. Once we get the hang of this and are in a more certain trend direction climate, I may increase these leveraged trades a bit, but for now, I think 1x is just fine.

My target down will be $1.20 with a 1.5 r/r.

Best you to all!
-Stew

Target down will be the 50 day or 100 day, whichever comes first. Stop out will be the 200 day.

Updated spreadsheet here:
https://docs.google.com/spreadsheets/d/1HhilTNSTsS0Z10ORBk0BRG-r1q94r3dHWRZ84kwOlYQ/edit#gid=447207772