Lol, I suppose you are correct. So instead of getting steamrolled in a single day, the steamroller just mushes you flat over a looooong time, so the pain is spread out. I get it. B1S2 is the guard, and the market is Austin Powers at the helm.
Bad chart to use I think...Repost with a chart that is not a CFD, and shows the timeframe of the chart. Would be cleaner.
What does CFD mean? Anyway, here's a "line" chart, based on the closing prices (not high of the bar as you would see on the candle or bar charts).
I detect an undertone of "I told you so" but it's more likely that it will be me telling you. You went long on PA, I went short on reasons that the trade deal was fake, not a deal at all. I'm not a novice in the game... I trade on longer term views and hedge to cover sentiment swings, the likelihood of blowing the account or even suffering a loss on a melt-up is remote and, since I'm net short, even a 50% black swan flash crash or correction is in my favour and potentially can give me multiple $100k profits. So, be happy with your PA system and continue to win some, lose some. I, on the other hand, will continue with my longer term plays with 98% wins. If you wish to ignore my views, go ahead, If you wish to play the "I told you so" game, do it on 100pts flash moves, not on the 5-10pts as small points are quite insignificant to my trades and can reverse several times in a session.
Your plan is always for the long term? So we top out here in what you have been proclaiming a bear market for the last 7 months...and you decide to go long. I mean seriously B1.... what are you thinking(!)? Here's the deal buddy.... if Biden starts picking up steam again, and he does as I say by picking Stacey Abrams as a running mate.... this market is going to see 2400 again. Easy.