My trading plan does not allow me to buy into new highs.
However it's not safe or practical to aimlessly short the high.
A sell stop order is how I safely trade the highs.
I am Bearish to Neutral for now. Waiting for significant signs of bullish support.
Seasonally, the market is Bearish/ corrects on average going into February.
However it's not safe or practical to aimlessly short the high.
A sell stop order is how I safely trade the highs.
I am Bearish to Neutral for now. Waiting for significant signs of bullish support.
Seasonally, the market is Bearish/ corrects on average going into February.
Trade active
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We are in profit here, almost a 1:1Pocketing 25%.
Risk management is always Key in this volatile market.
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Back in profit hereWe will be holding this over the weekend.
Once a 1:1 is hit we will adjust our risk.
Trade active
Stop above the previous highReactivating this trade
With proper risk management we will mitigate our risk intraday
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Overall risk is covered intradayLet this trade ride and play out
No need to adjust the stop loss as it's virtually risk free
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This is the safest way I know to trade in this condition next to not trading at allNote
Another 50 points acquired intraday.Risk is virtually mitigated.
No need to move the stop loss Its still above the high
Target 17000
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We are in good profit hereTake 25% off the trade
No need to move the stop loss here
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Another amazing push downStops at break even
Remove 25%
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up 200+ points on short setup. take 25% off stop moved 20 points into profit. #BearishSwing
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Fully taking profits hereGreat job 👏👏👏
Risk management is everything.
Thanks for following along with the trade idea.
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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.