Hi traders,
today´s analysis is a little bit different because I am talking about reasons why to not enter the ARMK Short trade. So there might be the question: "Why did you open that?"
You maybe remember my video that contained claim: "Trade what you see not what you think". And that´s the situation that happens to me right now.
I see many reasons that confirm the idea, that we will probably go higher...However! I have to stick to the plan, which contains very simple rule - Follow the INSIDERS (and they increased their Short positions in this market).
In spite of being scared of taking this trade, I have to do that. Statistics show that this approach is profitable from a long term perspective.
So here are the parameters of the trade:
Market: ARMK
Direction: SHORT
Entry: 25.15
SL: 29.17
PT: 17.11
Good trading!
Jakub
FINEIGHT
today´s analysis is a little bit different because I am talking about reasons why to not enter the ARMK Short trade. So there might be the question: "Why did you open that?"
You maybe remember my video that contained claim: "Trade what you see not what you think". And that´s the situation that happens to me right now.
I see many reasons that confirm the idea, that we will probably go higher...However! I have to stick to the plan, which contains very simple rule - Follow the INSIDERS (and they increased their Short positions in this market).
In spite of being scared of taking this trade, I have to do that. Statistics show that this approach is profitable from a long term perspective.
So here are the parameters of the trade:
Market: ARMK
Direction: SHORT
Entry: 25.15
SL: 29.17
PT: 17.11
Good trading!
Jakub
FINEIGHT