- The trade had not triggered since the breakout did not happen - Right now, there is another volume build-up & volume spike creating a resistance breakout - The SL will be small and RR will be bigger - Always keep your Risk Management in play
Why would you hold it up until now?? The SL was hit a long time ago.
When the post was updated on the 2nd of Jan you entry price should have been 2630. And I also mentioned that the SL will be small; which should have been 2605 or even 2575 (which was breakout candle low).
Right now, it has already broken a Weekly Support and if it continues it will go down to 1960.
Please please please always keep your Risk Management in Play.
There's no sense in holding a stock and praying it comes back. You are just locking up capital and waiting.