Example of an Analysis Failure and learning to trade with it
Om Namah Shivay
Brothers,
After 27th Nov 2020, we set the target of next up movement to 2750 odd. And we are actually out
when price moved below 2600. If we analyze the structure, the correction followed and the impulse
still continued. We were in a failure.
Failure of doing a target too early. Trailing stoploss to swing lows brings us to safer exit. But the
failure needs to be re evaluated. We should have been progressive and kept a progressive thinking.
We could re-analyzed and keep our new analysis uptodate so that we are ready to re-enter if
possible.
Om Namah Shivay
Brothers,
After 27th Nov 2020, we set the target of next up movement to 2750 odd. And we are actually out
when price moved below 2600. If we analyze the structure, the correction followed and the impulse
still continued. We were in a failure.
Failure of doing a target too early. Trailing stoploss to swing lows brings us to safer exit. But the
failure needs to be re evaluated. We should have been progressive and kept a progressive thinking.
We could re-analyzed and keep our new analysis uptodate so that we are ready to re-enter if
possible.
Om Namah Shivay
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