Dear traders, the situation on the DAX is not good for bulls. Now you may understand why in one of my previous posts I said I was bearish and did not participate in this trade despite the bullish signal yesterday.
This is how you should have traded today:
- yesterday I told you to increase the position only if the trend was up. Today it was down all the time so I hope you did not :-)
- one of the most important rule number in trading says: "never change a gain in a loss", so you should have realized a small gain or you should be in parity
- if you are in loss you should take your loss as soon as possible
