When a Trade Goes Bust
It's great when a trade setup works and gives you the price target you'd been seeking. But, when it doesn't, how are you supposed to play it and define your risk? This is just as important as how you handle the winning trades, if not more so.
For an example of this, let's look at prior setup in Hain Celestial (HAIN). In a prior commentary earlier this month, I looked at this stock for a possible buy entry as the shares tested key support. In this case, only the aggressive buy trigger fired off, and it was a trade that would have been stopped out. The 30-minute chart will show you that the buy side would not have triggered if you'd opted for using the not-so-aggressive entry trigger....508 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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