Saw this double bottom form on the daily at a big demand zone and waited for the structure to break.
The I went long - pretty simple. Now let's see if it works!
What I haven't mentioned in earlier trades is that I typically cut my losers quick if they start going against me. Let's see what I do with this one.
The I went long - pretty simple. Now let's see if it works!
What I haven't mentioned in earlier trades is that I typically cut my losers quick if they start going against me. Let's see what I do with this one.
Comment:
Nice push to the upside - I will likely let this one run over the weekend.
Comment:
Big gaps down - not nice. I put this trade at breakeven so I can focus on other potential setups. Only way I'll care about this one is if it decides to go my way again.
Trade closed manually:
SL at break even got hit. No problem - these things happen.
Limiting your losses is the best way to keep going forward.
Limiting your losses is the best way to keep going forward.
Comment:
And it's a good thing here at YoungFinance we focus on preserving capital just a little bit more than making profits! When you cut your losers, you win!