When You Swing With a Longer Time Frame, You Go Off The Close
UWT hit that stop today, but it was an intraday price, and if you have strong conviction you should wait for the close, especially if it looking rather oversold because it could pick up -- and that is exactly what happened today!
I've made this mistake many a time. I either sold for a loss, or sold for gain only to see the price go higher a few hours later. UWT was looking way oversold at that point too
I've made this mistake many a time. I either sold for a loss, or sold for gain only to see the price go higher a few hours later. UWT was looking way oversold at that point too
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.
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.