Saturday, January 04, 2020

ST Eng - A Dump Failed Trade

Sometimes our brain like to play smart and not follow the chart.  This is a situation where I bought ST Eng at 4.02 on 10 Dec 2019 before I went for my Eastern Europe holidays.  After my holidays, I sold it at a loss at 3.95.  Then the next day, it went up back to 4.02. 

Looking back, its really a dump as the previous was a long bearish candle.  Reminder for myself not to trade bearish candle in future, right method is to let the bearish candle complete before making the trade.  The correct trade will be after the 8 or 9 candle to be safe.

Really, trading can be frustrated when such bad trade happened, however, just need to accept it and move forward.


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