Right Concept, Wrong Timing

4 Comments

  1. I caught some of that downer at 10:51 via a rather subtle divergence all the way down to the daily pivot. 3 minute charts.

  2. Hey Mindie,
    I believe in having my cake and eating it as well….What’s wrong in that?
    Let’s you went in without a SL on this trade, then what? you would be in profit for sure I think….isn’t that a better way to handle this trade? or you need to have an edge over other traders following this method. How are the others faring?
    Let me know pls.

    Thanks
    Zac

    1. Hi Zac, We only know that it went down now. At the time, it could have just as easily continued its bounce from earlier in the day opening up a detrimental loss on the account. Always use stops! ????

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