Shared by:
Dandres
- Watching the price action and the level break around $115. Took entry on the break of the resistance level and took another entry on a higher level to the upside. I got out of my first position as the level started to break down, I didn't want to take a risk on this break so I got out. Second attempt again on the break to the upside that then rejected again. I got out on the break to the downside again.
Reflection
- This is what I call risk management! Actively assessing the risk and getting out if I have to and getting back in if the set up looks right. It doesn't always work out, you just need to keep attempting when the trade looks ready and if doesnt work its okay! manage your risk.
Execution detail:
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