Materials Sector Short Closed Out

It was my one and only short position (currently very high cash is now the risk manager), and it was taken on a top tick but not on a setup, which is my preferred way to short (because I have a psych vulnerability about being short unless I have a certain confidence level and parameters to operate by).

Here’s the chart from what is rapidly becoming my favored source (TradingView), as the increasingly frustrating was wonking out on me earlier. A 9%+ profit is taken on a short of the Materials sector by a guy who is not normally very good from the short side.

It will probably settle to the SMA 50 or maybe even fill the gap below it. But I will not be greedy in an area (shorting) that I often have issues with.