Triggering the trade and confirmed by breaking through and closing above the Daily resistance.
I will enter a market open on the morning of 9 September 2020. Using the close price of 8 September 2020 2X ATR to place a stop loss.
Trade mechanics (using the closing price on 8 September 2020).
Entry: R127.69
ATR: R3
Stop loss: R127.69 – R6 = 121.69
Risk: R6
Account Balance: 2926
Max risk: 2% R58.52
Share quanity: R58.52 / R6 = 9.7 (rounded to off ) 10 shares.
My entry could be different from the plan
Exit plan.
Exiting is one of the things I am struggling with, in trying to let my winners run. For this trade wil