As we can see on this trade, the price reached a key resistance level and reacted strongly to the downside. Given this behavior, along with the fact that the trade nearly hit my stop-loss, I’ve decided to cut the loss short. The stock isn’t behaving as expected, and in situations like this, it's better to manage risk proactively rather than hold onto a weak position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.