MAGNA MINING INCLong
NICU Long
Updated
Local mining stock completing the 236 - 50% retrace. This one I'd like to hold long term and keep adding to but will use my normal SL management style. Don't want to be left holding a dead donkey.
Trade active
Entered last week, I'll be honest, didn't think it was going to hold. Note
Trade closed: target reached
Half taken off at target. SL tightened up on remainder.Note
Trade closed: stop reached
Position fully closed by SL at purple dotted line. Alarm is reset. Note
I should note the purple line is under the Weekly HK candle as usual. Trade active
Re entry on this one. Stepping away from my normal strategy here and purely following the trend, watching the weekly direction changes provides good entries. We'll see if it works!
Note
Note
Trade closed: stop reached
Well here's a lesson i keep learning. I'm using a different strategy here for entries with this one to try to ride the weekly trends. Unfortunately i took my eye off the ball once in the trade and when it double topped then rolled over. With any other trade i would have at least taken 50% off at the previous high. ( See ZCH / HSI idea.)
Now stopped out at a marginal loss.
Note
Purple dotted line shows SL moved up behind weekly action. Note
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