Profit in XLE, example of a good trade

#xle #trading  #investing #example  #casestudy #ikkinomics

This XLE trade is an example of a good trade, as you can see in the daily chart below:

The entry and exit points are very clear. They are even obvious, aren't they?

In just a few days we obtained a profit of 2.26%.

(yes, of course it's not that much, but... if we extrapolate that gain to one year it means 203.4% per year. So let's be grateful)

In retrospect, it seems like an easy trade, but as you know, if you've been trading for a while, when you're about to open or close a position things don't seem so clear.

Just take a look at the same trade on the 15 minute chart.

So how can you recognize a good trading opportunity and what to do to take a good position?

Here we have some things that work for us:

• See the full image
• Make sure you have good levels working in your favor.
• Define a strong stop loss
• Define a realistic goal
• Manage your position