SKPRES - Saved by the trendline
$SKPRES (7155.MY)$ I sold when price dropped below the uptrend line at 0.89, shown by the orange circle. (4hr chart)
That was the plan when i entered, using trailing stop, and in this case trendline was my trailing stop. As i gave myself a trendline challenge, i stuck to it. But now with changed market environment, the thing that sticks to my head is when OR if i should reenter a position? ![]()
The original playbook narative may have changed as it seems working when market condition is favourable. Now under choppy market, not sure what to do.
I definitely didn’t think about any plan to reenter when i first bought in but being new trader, it’s Fomo, thinking if it rebounds and eventually hit my TP.
i guess i need to figure our what would be a good case to buy back in, if any. or else just look at other opportunities.
what would you do?
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Loves technical analysis and student of the markets. Sharing my trading journey via my YouTube Channel @Ryugentrades
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