It's the 18th of June and the market has continued to rise, it is now around 8:20pm here it the UK and the S&P 500 index will be closing soon and it is currently sitting at 1,652.32 near the top of the price channel. If the trade were still on I'd exit now. Unfortunately however I exited for a much smaller profit yesterday, like around half as much.
With a mean reversion system, which is what this blog is about, one would usually seek to exit a long trade near the top of a price channel and buy on a dip. Have I made the classic mistake of grabbing a small profit when I saw it rather than exiting at a rational price level? I will let the reader decide...
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