Scumbag’s Live Trade: Hynix Update
Scumbag’s Hynix trade reached the first take-profit level last night.
A review: the entry was at 1369, the stop-loss was set at 1320, and the first take-profit level was 1426. The stop-loss was 49 points, while the take-profit was 57 points, making the risk-reward ratio mediocre, because the corresponding stop-loss for a chased long position would be wider.
After opening the position, the price fell as low as around 1327 and reached a high of around 1438 last night. Since the first take-profit level has been reached, set a protective stop for the remaining position.

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