Thank's for the partial's again as my partial were the only profit which I made in this trade .
The reason behind sharing this trade is , the stock was trading near it's resistance area due to which I was not able to reach my target area instead it showed clear sign's of rejection which made me to collect my remaining partial's before it hit my stop loss.
What will you choose when you know you are not going to reach your target and instead you are going to hit your stop loss ?
What I did in this trade is must to be watched :
1.I took my early partials at the high's.(Due to which my trade became safe and I was not going to loose from here)
2.I tried adding once the stock tried rising higher but it failed again (This would have hit my target with half my trade size)
3.I reduced my trading size instantly I saw resistance near the high's which certainly reduced my losses.
Tip of the day : Though I got small profit , but the good thing was though I hit my stop loss I was still profitable !!!!
Keep supporting !!
Thank you !!!
The reason behind sharing this trade is , the stock was trading near it's resistance area due to which I was not able to reach my target area instead it showed clear sign's of rejection which made me to collect my remaining partial's before it hit my stop loss.
What will you choose when you know you are not going to reach your target and instead you are going to hit your stop loss ?
What I did in this trade is must to be watched :
1.I took my early partials at the high's.(Due to which my trade became safe and I was not going to loose from here)
2.I tried adding once the stock tried rising higher but it failed again (This would have hit my target with half my trade size)
3.I reduced my trading size instantly I saw resistance near the high's which certainly reduced my losses.
Tip of the day : Though I got small profit , but the good thing was though I hit my stop loss I was still profitable !!!!
Keep supporting !!
Thank you !!!
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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.
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.