So here’s a Dax long trade that was so right, but on the other hand so wrong. I want to say luckily, but there was no luck as it was one of my better plans.
When the Dax moves, it can really create some big swings. I missed the first entry and was not completely convinced on the second.
However, the one I took could have almost doubled the +20 I took. One thing I missed… My stop loss automatically sets for +20. Since I saw this trade as a ‘set and forget’, I placed the order and went off to do something else. Anyway, +20 is +20, so here is the trade.
Image of German Dax Chart Long Trade