Hello
i was short at 4908 and stop loss hit 4924
can i go long now
what should i do
i was short at 4908 and stop loss hit 4924
can i go long now
what should i do
look at the chart and react... dont listen to me or anyone.... Try to understand the logic behind a trade... Thats far more important than the trade itself...
You went short at 4908... why 4924 was ur SL...? what was ur target...?
how many times was the low of the day tested..how many times HOD got tested.... ? from high to low of today, which side is the range expanding...?
is the trend strong or more sideways...? Is there major resistance/support level above/below my entry level...? what is my must exit point...?
These are some the questions that i ask myself before i take a trade...