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Day traders' national holiday lounge September 21-22, page-80

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Brickingbad

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23/09/22

08:59

Post #: 63840028
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Originally posted by Patterns: ↑

The best thing is to limit losses to the last green candle. If you keep a stop or set an alert below the highest green candle then risk management takes care of itself. Better to have more small losses than fight with big losses. Trading is not really about making money, it is about limiting losses and allow the uptrends to look after the money making for you. I personally think that market sentiment will not change much until inflation and rising interest rates settle down. So it is really risk management and strong moving stock that are important at present in my view. I got stopped out of GSR on Wednesday afternoon when an alert was triggered to say price was beneath the green candle I bought .
GSR 6.8 stop out below the highest green candle but the others I bought are all still alive.

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thanks Patterns are you only buying stocks that has a green candle the day before?
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