SLV - Long bear trap opporutnity
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)
Note
Exit 50% of position, sign of weakness. Risk management first.Trade closed: stop reached
Out entirely. Jammed my stop because showing signs of weakness. Original risk of 180 bps cut down to 90bps .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.