Geez pin, thought u were leaving. Your constant second guessing isn't helpful it just makes it hard to page through the journal. B1 is ignoring you anyway.
Happy to explain.---The ability to hold overnight is related to the size of the stop. I had outlined day trades, swing trades and position trades in the past but to better clarify, I will now be posting just the level of margin I am using. Thus, todays loss would be equivalent to 70 ES points loss or roughly 3 percent of the full value of the underlying. Since I keep 20 percent or less of TLNW in the trading account, this equates to no more than .6 of 1 percent loss of TLNW.
Good luck B1S2. Ol WWF Smack down pattern. Decent 12 point swing in the latter part of the session. It would have been a wild goose chase trying to catch the right level..... we've all been there b4 . Probs slight Vol pick up from the sell off for that decent run. Good luck Traders!!