Wednesday, April 24, 2019

IYR Starting Bearish Leg Exit



With only 15 minutes to the close, it looks like we're going to close over the 8ema. However, we don't have a candle buy signal. So there's chance it'll go back down before the end of the week. But I'm going to get out here where I can break even and get back in later if we go back down.

It's just one of those trades where you do everything like you're supposed to but it just doesn't work out. You have to accept not every valid pattern will work out in your favor. That's one reason position size and risk management are very important.

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