HCC: TRAILING SL HIT AT 40%
Hello Traders!
This is another follow up trade for HCC which was published on 9 Dec. As per my analysis the TSL hit on Friday. Achived 40% in 1.5 months. Not bad! RR captured is 2.28. That is more than 2 times of the risk taken.
Trade closed.
Sometimes the target may not hit. We have to act according to the price behaviour. From here price may consolidate for 1-2 months and then again it may go up and hit the target. But in swing trading time is more important than the target. As we all know 'TIME=MONEY'. We can invest that money in another stock which have higher probability and save the time as well. You can consider this too as a part of risk management and this is how profits can be booked with confidence without having emotional. This is how emotion is dominated by technique and discipline.
I hope this gave you a good insight of 'how to take discussions keeping aside your emotions.
👉Press the like button if you learn something from my analysis and feel free to comment below.
This is another follow up trade for HCC which was published on 9 Dec. As per my analysis the TSL hit on Friday. Achived 40% in 1.5 months. Not bad! RR captured is 2.28. That is more than 2 times of the risk taken.
Trade closed.
Sometimes the target may not hit. We have to act according to the price behaviour. From here price may consolidate for 1-2 months and then again it may go up and hit the target. But in swing trading time is more important than the target. As we all know 'TIME=MONEY'. We can invest that money in another stock which have higher probability and save the time as well. You can consider this too as a part of risk management and this is how profits can be booked with confidence without having emotional. This is how emotion is dominated by technique and discipline.
I hope this gave you a good insight of 'how to take discussions keeping aside your emotions.
👉Press the like button if you learn something from my analysis and feel free to comment below.
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