$20 Profit
NQLong Stock

T27: FIRST S&R REJECTION TRADE (ZB): 10/10 LEARNINGS: Supports and resistances are just that - they support or resist. 'Proper' trading would wait for a confirmation. Contrarian trading does not wait for confirmation - it considers the price action earlier (S&R), the approach and reaction of the price. The aim of early entry to limit risk and maximise profit.
Newsletters:TimChallengeTimAlertsPennystocking Silver
Broker:SureTrader
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| Date | Price | |
|---|---|---|
| Entry | 7/31/2014 | 6.78 |
| Exit | 7/31/2014 | 6.8601 |
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