Hello friends,
Very often, I find myself confused while making a trading decision under this circumstance - After a good move, the price retraces upto certain level or let's say there's a pullback. Now, let's say under the present situation in the chart below (an example), what would be your decision?
How & why would you personally decide if you would close your long position and initiate a short or simply hold your long trade?
Thank you
Very often, I find myself confused while making a trading decision under this circumstance - After a good move, the price retraces upto certain level or let's say there's a pullback. Now, let's say under the present situation in the chart below (an example), what would be your decision?
How & why would you personally decide if you would close your long position and initiate a short or simply hold your long trade?
Thank you
Comment