Stopped OutOne of the few tech stocks that showed a constructive pattern on the last few days. Still, this tech bear market gets everything. Might reset later and may buy if general market conditions improve.
Stopped
Stopped-->Back to cashStopped on my last position. It was working very well until now. Bear markets get every stock eventually. Keeping my trades super super small as pilot positions just to test the waters. Back to 100% cash. Super risky(volatile) market for swing trading breakouts with stops.
Got stopped out by wickThe price was in a mini range at the resistance on the 1H range, idea was to take a sell for the price to hit the support level at .720, Took an entry, price hit TP1 so I moved my SL to BE, new hour candle wicked up.. stopped me out and continued in my direction..
Live and learn, I need to be cautious about a new 1H candle and bare in mind that EU trading starts, maybe halve my risk rather then move to BE.. We'll see next time.
ATR Indicator - How to Avoid Getting Stopped out of TradesIn this post we can see how the stops were taken out beyond. the 26600 price level.
For any setup that a noobie trader may place, the SL would be taken out at this level;
However using the ATR indicator we can avoid getting stopped out and keep our trade.
I recommend you watch some videos on this indicator to get a better understanding but the main jist of it is ->
Take a sweep low/high of a range and add/minus the ATR value (on the sweep candle) to get more legroom for price to move (but it will miss your stop)
I hope you find this useful.
