Encore Swing Trade on Daily

Not the preference to catch these uptrends a little late but it is possible to make some profits.
MACD looks great and RSI is decent.
Once the trade hits TP1 or the orange line, there are more options:

1) move SL to Breakeven and extend targets
2) take profit on half position at an R of 1.08
3) move SL to Breakeven and hold until valid reason to exit

Yorum:

Still valid but will require more patience. Overall your portfolio will end up profitable if you stick with your Reward/Risk ratios which is easier when you take small position sizes. The consensus 2% is good for these kind of trades and I would go as high as 5% for high conviction high "score" trades.

Yorum:

So this was a loss with a 1.75R which is a loss we can take because our winners return more. It also looks like a trade to get back into.