W Formation formed tick.
Price>20 and 200 - Tick
Target 174.46
Stop loss - not hit - TICK
All easy and said and done.
BUt the analysis was done in April. It is August.
We take on daily interest charges.
Opportunity costs.
So are these LONG term trades good in the long run? Maybe with LARGE portfolios then it's all relative and the costs are the price to pay.
But for smaller portfolios that most people have - it's not worth it.
Prioritise with your trading risk management and profile. And if need be, implement a TIME STOP LOSS to avoid long winded holding trades that turn into unnecessary marriages.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Price>20 and 200 - Tick
Target 174.46
Stop loss - not hit - TICK
All easy and said and done.
BUt the analysis was done in April. It is August.
We take on daily interest charges.
Opportunity costs.
So are these LONG term trades good in the long run? Maybe with LARGE portfolios then it's all relative and the costs are the price to pay.
But for smaller portfolios that most people have - it's not worth it.
Prioritise with your trading risk management and profile. And if need be, implement a TIME STOP LOSS to avoid long winded holding trades that turn into unnecessary marriages.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.