Is this new "intraday" short distinct from the prior short from earleir in the week? The short from 2881 with the 31 point stop that was saved by 1 tick a few minutes ago - that is still open, correct?
If I get out on the position or the day trade today, I will look short again. That's why we have stops and position sizes. It's all part of PRM.
Agree that it is a bull market until it isn't, but part of what makes a bull is the perpetual buying by those first inspired to short and then inspired two-fold to cover said shorts. I love top pickers during bull runs. Don't discourage anyone from being a top picker.
Yes----I never have a hard stop anyway in overnight unless it's a day trade initiated in the the overnight where my stop is very small. I just don't trust overnight market thinness. Rather, I reevaluate in the RTH.
Last night I had the platform open going over my trades for the day and prepping for today and I caught what I saw as an opportunity for a little 2 point scalp, and being the kind of guy I am I couldn't see it and then not do anything about it so I took it with a 4 tick stop loss and an 8 tick target and then went about my business of checking the day's trades and prepping etc and don't you know I got that 2 point scalp at 8:30 PM or soon thereafter. I looked at the chart this morning. This is a tick chart, so that large move up that seems to have started soon after my night cap trade actually didn't get started until almost seven hours after I had taken that little 2 point profit. But I thought it looked so funny I thought I'd show y'all a pic. I hope never to to see my chart at the end of the day show me taking a scalper's profit right before a 20 point rally with no trades in between lol ...