see the chart!
I've aready shorted at 50.1.
tg:45-42
i should say that i was lucky due to last trade plan, i made a hedging for the rest half of my short position.
And finally my short postion was closed without lost. The hedging position has protected the profits.
So I would like stress on the money management policy of your trading plans! That's more important than your analysis.
Just think of "How you can still get a profit, even if you're completely wrong."
I've aready shorted at 50.1.
tg:45-42
i should say that i was lucky due to last trade plan, i made a hedging for the rest half of my short position.
And finally my short postion was closed without lost. The hedging position has protected the profits.
So I would like stress on the money management policy of your trading plans! That's more important than your analysis.
Just think of "How you can still get a profit, even if you're completely wrong."
Trade active:
Some of the position have already been closed at 49.2, on May27.
I added to short at 49.85 on May 31 and the new position was closed when it hit Fibo target 1.618
Now I'm still holding the short positions at 50.1, meatime made a hedge at 47.9. I expect the bounce target at 49.2-49.5. Let's see.
I added to short at 49.85 on May 31 and the new position was closed when it hit Fibo target 1.618
Now I'm still holding the short positions at 50.1, meatime made a hedge at 47.9. I expect the bounce target at 49.2-49.5. Let's see.
Trade active:
So far CLK07 reached 49.47 as my long position target, i moved the S/L to 48.
Comment:
Always remember the purpose of hedge is just to protect the profit not to earn more profits!