the " barely getting there" was prolly due to the lull before crude #'s @11 if day trading is to demanding forget tape reading
You're welcome! If it's a counter-tend trade I move my stop to b/e after 10 ticks. If it's a trade where price momentum should have a certain amount of follow through and it doesn't, I move my stop to b/e pretty quick (an example would be a false breakout). If it's a with-trend trade, I try to let it ride, but at more than 15 ticks in my favor I tend to move my stop to b/e. Adding credence to my belief that I can probably make more money by leaving initial stops in place, than by trying so hard to limit losses, we have this morning, where I DIDN'T move my stop to b/e on the lack of follow through, called myself an idiot for not doing so, thought for sure I'd be stopped out for a 3rd loss in a row, and ended up with my best CL trade ever.
short .77, stop at 83.96 EDIT: target 83.31 8:04 and now stop to BE+ add .62, same stop 8:07, stopped. looking to reenter, same way i think
short at .84, must like the punishment, stop as before 8:3, add at .59 should it go 8:20 target to .45 Filled, they're killed! They wanted it, they got it...
LOL this trade isn't gonna help my sharpie ratio and I would have gotten fired if it was someone elses money but oh well im out at .05