Price is moving up from the 9 month support level. Two bear traps in May and June and now price is breaking out.
Formulate a plan with solid money management. What if it doesn't work out? How will you respond?
Define how much you're willing to bet. Anything can happen (Mark Douglas)
Risk: 180 bps
Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt)
Formulate a plan with solid money management. What if it doesn't work out? How will you respond?
Define how much you're willing to bet. Anything can happen (Mark Douglas)
Risk: 180 bps
Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt)
Commento:
Exit 50% of position, sign of weakness. Risk management first.
Trade chiuso: stop raggiunto:
Out entirely. Jammed my stop because showing signs of weakness. Original risk of 180 bps cut down to 90bps .