Trade short-term with stop-loss and take-profit—just these two lines:
Place the stop-loss below the pullback low, or below the low of the breakout candle.
If it breaks, get out. It means this isn’t consolidation—it’s turning weaker. Holding on is just making things harder for yourself.
In short-term trading, the biggest fear is buying wrong and refusing to leave; a small loss turns into a big one.
Don’t rigidly fixate on a specific take-profit number.
If the price is still rising on increasing volume and the candles look strong, keep holding.
Once it surges into high territory and you see a long upper shadow, or several low-quality top-forming candles, exit part of the position first.
A candle with an especially long upper shadow is often the signal that it’s time to leave.
Place the stop-loss below the pullback low, or below the low of the breakout candle.
If it breaks, get out. It means this isn’t consolidation—it’s turning weaker. Holding on is just making things harder for yourself.
In short-term trading, the biggest fear is buying wrong and refusing to leave; a small loss turns into a big one.
Don’t rigidly fixate on a specific take-profit number.
If the price is still rising on increasing volume and the candles look strong, keep holding.
Once it surges into high territory and you see a long upper shadow, or several low-quality top-forming candles, exit part of the position first.
A candle with an especially long upper shadow is often the signal that it’s time to leave.
