UK 100 IndexLong
Let the price comes to you
Mis à jour
Dont chase the price now there is a possibility that there might be another leg down, revisiting the 4959 price level. If it does, that would a good price to buy.
From this article ,such stimulus by government will help shore up the stock market, albeit temporarily.
In the past, I made the mistakes of chasing price even though I am on the right trend but the pull back will cause me to increase my SL unnecessarily. That way, you are at the mercy as your available capital awaiting to be deployed is reduced. This also increase your risks of margin calls as you have more positions with wider SL , definitely not a wise strategy.
Patience is the key, wait for the price to come to you, it may takes hours or days but it will else you know the trend has changed. Then, it benefits you because you would have taken the trade and suffered a loss.
From this article ,such stimulus by government will help shore up the stock market, albeit temporarily.
In the past, I made the mistakes of chasing price even though I am on the right trend but the pull back will cause me to increase my SL unnecessarily. That way, you are at the mercy as your available capital awaiting to be deployed is reduced. This also increase your risks of margin calls as you have more positions with wider SL , definitely not a wise strategy.
Patience is the key, wait for the price to come to you, it may takes hours or days but it will else you know the trend has changed. Then, it benefits you because you would have taken the trade and suffered a loss.
Note
Noticed a pattern here ? 5200, 5400 and 5600? Can you guess what they are ?Note
cnbc.com/2020/05/18/coronavirus-astrazeneca-aims-to-distribute-vaccine-in-uk-by-september.html(ignore the earlier article , not relevant)
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