A trade can be a small winner or loser, big winner or loser.In a world of 50/50 probability. flipping a coin for instance. it can go either way, a head or a tail is a game of probability. likewise. A trade can be a small winner or loser, big winner or loser. as the small winner and small losers even themselves out. how to eliminate the Big loser than you are only left with big winners
The Setup
- Current chart(W) is an uptrend
- Long-term(M) is unclear
- Price comes into the Demand Zone (DZ) which is HL of the (W) uptrend.
- Good place to ENTR the LNG
The Probability enhancers
- Clear STP Loss below the DZ
- Room for profit to run with little selling resistance
The trade went as planned. I had a nice profit of over 1000 dollars when the price peaked, however my profit target was set too high & I never got to cash in. The price crashed this morning below my trailing trigger STP of 18.40 and I sold making hefty 183 dollars. but i feel good about it. I respected the rules and the market won. Looks like the price is forming a channel. I am setting at 17.50 waiting to go LNG at the bottom of the price channel
