Aug. 21 at 6:30 PM
Almost 2 months ago I opened a position on
$ETSY as a position trader of Weekly charts.
Typically I execute stops on a "Weekly Candle Close Below" stop price.
HOWEVER, once a trade moves my way and my stop is in profit, I execute my stop normally. I only wait for the weekly candle to close below my stop before executing if my position is not yet in profit.
Was not able to capture as much as I wanted, but I cannot complain with a +16.31% trade.
Will re-enter if the next few weeks if the market gives me 11/10 "you're be stupid not to buy this" opportunity.
But then again, I do not ever take a position that isn't screaming at me. Maybe I AM masochistic.
