This is a loss making trade that I took on 7 Feb. Below are the side by side charts of 1 day and 1 hour TF.
I took the entry at 178 and kept my SL at 170 as per 1 hr TF. Although, I prefer daily chart but since this doesn’t has much data so I took the trade in 1 hr TF. This was breaking out and my alert was triggered so I entered but later in the day it reversed and hit my SL so exited the day.
“Stocks are like horses. They don’t come back once they leave the gate.”
— Dan Zanger
Lost around 4.5% percent of my invested capital which is around 0.2% of the total capital.