S&P500 - Yesterday long, today short

Sep 26, 2014

My long trade didn't work out yesterday, although it wasn't a mistake, every system fails. Yesterday the market fell down sharply and stopped me out, and after that I got short. I expect the market to correct to 1900 give or take in the first place, and maybe even more after that, with the interest rate rise coming. I hope the market wont go down directly, because I have long positions in European stocks. I didn't decide on my stop loss yet, either above 2000 or above 2020. The risk reward is not great at all, but it will do.