Damn, now I'm not so glad I called it a day haha. My 2 lot reverse from long to short at 3013 would have been very profitable.
Ok, here's where I need the most help with my trading. Currently, I'm short from 3010.75 at the price is 3005.25. I could take a decent profit now and watch for another entry, or I could let it ride. Problem is, though, sometimes when I "let it ride," it rides all the way back to my breakeven + 1 stop. Thoughts?
That's my biggest issue too, which is why I usually sell half and keep half. I also seem to have a great patience with holding losers and lose my courage holding winners.
i would buy around now or if greedy and risky then around 1.75 but since b1s1 spoke, my points are invalid now.
I am a singles hitter, momentum impulses. My targets are the sweet spot of average MFE moves in my time frames. Currently my targets are 10 ticks with a max stop loss of 7 ticks. Most extended moves give multiple entries, if one doesn't then it doesn't....I get plenty of signals in a week. I am not encouraging anyone to do what I do, but it works for me. Entries are always easier than exits, you have to do adequate testing as well as find out what suits your own temperament. I do what I do because I don't like to sit through backfill....not because it's the best way to harvest maximum ticks.