S&P500 - Pt.5 The importance of risk managment

Hello traders! In our previous posts on this, we explained how our main two scenarios both predict the index to complete the bearish wolfe wave with another 5-leg down to 3600's. In both the counts showed in the previous post another 5 leg down is needed after the impulsive move from the local top of 4136.
The index extended up in the last days (but look at the smart money dumb money indicator), and we took one stop loss with a loss of 1% of equity while we were stopped on entry twice. Time ago we would have lost way more, but following our strict risk management rules we only lost 1% and we can risk 0.5% more on this position.
We are now arrived in a big resistance area confluent with the main bearish trendline from Jan 04 high, the golden fibo area and the targets of the corrective micro waves. We are shorting from 4003.2 and our stop loss is 4055.8.

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ending diagonal structure seems completed

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looking good so far. stop loss on entry

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wave i of 3 in the making

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good probability setup for wave 5 of i.
We don' t want to decrease my average entry, so we are taking an intraday short position with daily puts risking 0.1% of equity

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put added
short added to main position

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daili put expired: loss 0.1%
still short average entry 3990+ 1 put option