IPL looks to be breaking that resistance at $2.50. I was keen to buy it as a knife catch earlier but hesitated. Gutless..Once the economy turns, this will be a great long term chip of blue.
Closing out these stocks as they are underperforming the rest of my portfolio and I need to reduce my current risk levels on my open trades and I also have plenty of exposure to that sector, will look to re-enter if they decide to actually get on with it.
It is discretionary trading but I do use a max risk value with stops in place. I don't really use targets but have a target area to help determine my approx R/R before taking the trade.
But I do on occasion take trades based more on other analysis and goals if the opportunity arises - like the SSM trade - so I suppose it is more discretionary in that manner