IMO no matter how one trades or invests (swinging for the fences or only for singles) stops should always be used. Stops tell you are wrong, time to exit. No one drives a car without brakes saying I'll just coast once I get close to my destination.
Amen to that one. But you seem to be linking a stop to a trailing stop and this is not THE way to skin a cat, it’s A way
Opps forgot you are (or were?) in profit. Yes trailing stops. I was previously referring, incorrectly, to a stop loss. Either way it never makes sense, in my mind, to not use either. BTW I use what are called self-adjusting Chandelier Stops when in profit.
Total capitulation. Bidless market... My 2D method is at a loss here, so I'm not touching this right now. It's way too uncertain and oversold. With oversold, I'm not saying it can't go lower. I'm just not touching it. Dug myself out completely. Well, after costs it's probably a slightly red day or breakeven at best. But it beats losing.
$VIX HOD 26.75 as expected with the way indexes sold off. Good chance we see 30 before we see 20 again.
Intraday low is down 3.98 % as of now. We have 4 other days in 2022 exceeding this with the maximum at 4.6 %. This data supports my comment about the markets being oversold intraday here. At least we're in the ballpark.