We had a high risk long strategy yesterday

S&P 500 (Mar 13) INTRADAY Review We had a high risk long strategy yesterday as we felt the index would consolidate Monday’s heavy downside and not yet extend those losses. We had a tight stop given the high risk nature of the trade. Overall, the strategy worked well as the S&P bottomed out five ticks below our long entry level which was 4 ticks away from our tight stop. This low occurred around the European cash close as it was still uncertain at that point whether there was any chance

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We had a high risk long strategy yesterday