IBULHSGFIN, Incorrect chart reading (Learn from mistakes)

6 במאי 2020

IBULHSGFIN was given for long today above 123.2 at 10:26AM. This was again simple trend line break out trade. I follow same process, try to find same patterns and trade them regularly. Keeping things simple and doing repeated stuff has brought me success.
At times, we hit SL and this was the case today due to incorrect chart reading by me. I am sharing below both incorrect chart and correct one for everyone's learning.
Hitting stop loss is part of the game and accepting your mistakes and learn from them, make us more successful.

Incorrect reading which lead to SL (fake out)


Correct chart towards end of the day which could have given handsome reward


Kindly reach out if you want to learn price action.