My short on /ES worked out terrific today. I love these waterfall declines, because you can just keep tightening your stops with each lurch down, locking in increasingly large profits. Beautiful!
As we are near the 825.25 level as of this writing, I have COVERED the position (40 contracts total). Of course, we could go lower, but I am, for the moment, very satisfied with the profit and am locking in the cash.