Trading with a sting

Scorpion King

Scorpion King

Active Member
#57
#57


Another mistake and paid for it..

I always place my SL 2-3 ticks away from candle's low/high. 11:05 bar has a low at 344. I should have placed my SL at 343.9, but I placed it near 344 thinking it would not get hit. And price took my SL, and then sudden spike came with taking TATASTEEL to new intraday high of 347+...

Will be careful on this from now on wards.
 
amitrandive

amitrandive

Well-Known Member
#58
#58
Scorpion King said:


Another mistake and paid for it..

I always place my SL 2-3 ticks away from candle's low/high. 11:05 bar has a low at 344. I should have placed my SL at 343.9, but I placed it near 344 thinking it would not get hit. And price took my SL, and then sudden spike came with taking TATASTEEL to new intraday high of 347+...

Will be careful on this from now on wards.
Click to expand...
Scorpion King

Thanks for sharing , we too will learn from your mistakes.:thumb:
 
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