Following the Trend with ENAGASHello traders! Today I would like to share with you a trade that I am about to embark on. As part of my investment approach, I have decided to risk 1% of my portfolio on an opportunity I have identified in ENAGAS, a stock that shows signs of reversal for a possible longer-term uptrend.
Approaching the Weekly Close
Just minutes before this week's close, I am planning to enter a position in ENAGAS. I am watching to buy as close as possible to the close of this weekly candlestick.
Risk Management and Stop Loss
For this trade, I am setting my stop loss at 13.095. This level was carefully chosen because it represents the first sign that the possible longer-term uptrend may not materialize. As a follower of the trend-following philosophy, my strategy is to cut losses quickly and allow profits to develop over time.
No Defined Targets: Trend-Following Philosophy
It is important to note that, following the trend-following philosophy, I have chosen not to set specific targets for this trade. The strategy is to allow the trend to develop and adjust the position as necessary, focusing on capturing the most significant price movements.
Disclaimer: Everyone's Own Analysis and Regular Updates
It's important to acknowledge that I could be wrong in my analysis and trading decisions. I encourage everyone to conduct their own analysis and exercise caution when making investment decisions. I will continue to provide updates on all movements I make in this trade, allowing for transparency and learning from both successes and failures.
