When you see the macro picture and the index volume is high and that the “qin kuang bu miao”, get your most risky trades out of the way first.
I have 4 trading position so i closed this 2 which is the most risky first.
I got into this trade the day before watching Avatar (farking nice show btw). The MACD looks to be heading higher but my sentiments is that perhaps it will just gyrate along 3.60 to 3.70. Cut it as i see the capital under risk.
I never did a trade where the bollinger band is narrowing. The move could either be up or down and due to inexperience i only put 6k of my capital at risk. It turned out well hitting a high of 1.16. Regreted not selling, but then again i wanna see if it will retest the moving average and built to head higher. Didnt earn any thing from this and didn’t lose.