Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
broken out after a correction. Multiple support confirmation on the 5-min chart, except the 9/11 violation due to the overall market meltdown.
- Historical Uptrend
- + above 50
- below Signal (!)
Target Entry $55.85
Target Stop Loss $54.98
Target Exit $60.04
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Cut losses quickly due to intra-day market unpredictability these days.