My long on U/J was stopped out for a -2% loss. My account balance $80.21.
I'm currently not in any trades.
Originally Posted by NeverQuit
My long U/J trade is not doing very well but this was a test trade and I'm learning from this test. In my point of view U/J was declining on the weekly chart so I took a counter trend trade by going long.
I believe that with trading on the higher time frames now it will be best for me to take trades that are in agreement with the weekly chart.
Lesson learned here!
The long has not been stopped out yet but it is getting close.