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Today we interview David K from the community and look over a few of his trades. We take a look at CCJ on the 2 minute chart. After alerting the chart, he noticed that the trend was respecting the 8 simple moving average so he placed a sell limit to sell any rally. He gets his entry and then waits before it continues its downtrend. He continues to trail his stop down. This is a great example of why we don’t just close our positions without letting them logically tell us it is turning.
We next look at JNUG on the 2 minute chart. We see that the chart has a decent downtrend going as well. Unfortunately after David gets short, JNUG proceeds to bounce and stop him out. The big point to emphasize from both these trades is that David is building good habits by staying methodical.