While everything indicated a bullish uptrend, I was punished by not waiting on the lagging span to exit the cloud/be above the cloud.
The lagging span is known as the first indicator to signal a bear market and the last to signal a bull market. As you can see it would have protected the trade on what ended up being a misjudgment.
Misjudgments like this should not happen when using a concrete methodology behind your trades. Misjudgments do not have to be losses either.
The lagging span is known as the first indicator to signal a bear market and the last to signal a bull market. As you can see it would have protected the trade on what ended up being a misjudgment.
Misjudgments like this should not happen when using a concrete methodology behind your trades. Misjudgments do not have to be losses either.