I agree and I spent a bit of time yesterday and this morning steeling myself to follow rules. I had an incredible trade in pre-market, patiently following my rules. I stuck with my rules later as well and let a 24-tick profit stop out b/e, BUT if I violated my rules and locked in 20 ticks too soon, I risked giving up another potential 60-tick or better move.
Given the market's low volatility, coupled with (even due to) the holiday season, managing lower targets with shorter b/e trigger points may be the best bet... Walt
On low volume/volatility days like today, I guess that the compulsive gambler, ur trader, will fade the touch of the 20 ema for small scalps... Walt
sim long .53 stop 20 ticks will add in/out of the money stops at .67 and .96 to add Target: if it breaks <i>hard</i> 91-ish, if it falters trail below the HOD [Go get them, girl!!! ] Add .67; avg. .60; stop at .52 (2 x 8 ticks) [Was meaning to put this trade in the low .40's after it run a few stops on the way (down) out of that day-long upward channel, but... blah, blah, blah... ] Of course this trade at .38 was a gift from the oil gods, but... agggghhh!!! stop to add at .96 lowered to .72 (Yeah, baby, I'm sim-greedy ) :01 and stop to be right now at .60 :06 stopped out at be - tempted to lower the stop back to .53 but don't want to (re-)develop bad habits, even if it's sim. If we get a slight dip I may try again... ok, stuppided out to the tick
sim I shouldn't but couldn't resist long .74 lotto-stop (hard stop at .64, but got my finger on the trigger, well rather, I had, because as I'm typing looks like I'm going to get stopped out, so...) Adding at .88 and .96 - aggressive trailing :19 stopped out at .64 (-10 ticks)