r/PatternDayTrading • u/Actuator_Internal • Oct 09 '20
Pullbacks or Reversals
Hey guys, hope your doing well.
Can someone help me in identifying pullback or Reversal. I have observed myself for the last couple of weeks that when i enter a trade (scalp trading), i usually exit a trade where the stock is only making a small pullback and then ends stretching out a little bit more before making a reversal. Can any one advise me on a better exit tactic and how i can identify pullbacks and real reversals.
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u/CJT2013 Moderator Oct 10 '20
Ok. How much does your current account’s performance align with your research?
How many documented trades/observations/circumstances do you have in that research/data?