Long

Updated

NICU Long

Local mining stock completing the 236 - 50% retrace. This one I'd like to hold long term and keep adding to but will use my normal SL management style. Don't want to be left holding a dead donkey.

Trade active

Entered last week, I'll be honest, didn't think it was going to hold.

Note

Trade closed: target reached

Half taken off at target. SL tightened up on remainder.

Note

Trade closed: stop reached

Position fully closed by SL at purple dotted line. Alarm is reset.

Note

I should note the purple line is under the Weekly HK candle as usual.

Trade active

Re entry on this one. Stepping away from my normal strategy here and purely following the trend, watching the weekly direction changes provides good entries. We'll see if it works!

Note

Trade closed: stop reached

Well here's a lesson i keep learning. I'm using a different strategy here for entries with this one to try to ride the weekly trends. Unfortunately i took my eye off the ball once in the trade and when it double topped then rolled over. With any other trade i would have at least taken 50% off at the previous high. ( See ZCH / HSI idea.)
Now stopped out at a marginal loss.

Note

Purple dotted line shows SL moved up behind weekly action.

Note

Been away on holidays — multiple entries on this one, just kept loading up at every opportunity.

Writing this post is making me realize these entries were pretty poor. Feels like I’ve been clutching at straws, which has been a common theme at the start of 2025. That’s okay for now — recognizing it is the first step to stopping the habit.

Highly recommend keeping a trade journal. It’ll keep you sane — but only if you’re honest with yourself.

tradersteve22

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tradersteve22