DIA - Sometimes It's Just Bad Luck
Been on vacation at a friend's cabin in Maggie Valley riding our asses off. Yes sore ass, back needs an adjustment but it surely has been worth it. Just some great riding up here and the weather could not be more perfect. But not everything is smooth roads and beautiful scenery.
Yes our trade was tapped out last Friday right before the close, with a high of 416.55 and our stop at 416.50. So $650 loss for the trade is now realized. Setting stops is as much of a technique as finding the setups. Thought 416 was the level and 416.50 would give us some room, but the market tapped us out anyways. It happens.
So now I am waiting for the next setup. If you did not have a stop and are still short, it appears the market is moving your direction so just hold for the Targets.
Anyways getting ready for the ride back to Florida and I will update on Sunday or early Monday BTC and the general market.
Have a blessed Weekend!!!!
Yes our trade was tapped out last Friday right before the close, with a high of 416.55 and our stop at 416.50. So $650 loss for the trade is now realized. Setting stops is as much of a technique as finding the setups. Thought 416 was the level and 416.50 would give us some room, but the market tapped us out anyways. It happens.
So now I am waiting for the next setup. If you did not have a stop and are still short, it appears the market is moving your direction so just hold for the Targets.
Anyways getting ready for the ride back to Florida and I will update on Sunday or early Monday BTC and the general market.
Have a blessed Weekend!!!!
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