If I was day trading, I would be looking long on pullbacks here. There is a short signal on the 15, but I would be looking for a trade in the direction of the 60.
Obviously you do not consider open profits as part of your risk capital. I do not care one way or the other, but GeorgeC says he weeps for your children.
Possibly taking a pause here at the PP + 20 EMA. If that does not hold, next is 24 and possibly the previous day low as well. 37,25 locked in now. Possibly a little too tight though.
Stopped @ 37,25. I considered widening it to 38,25, but did not do it. Still time to get back in short if this turns out to be a retracement/bear flag. Not seeing any long signals yet.
That is correct. I do not consider them. I place stops and make my decisions based upon what the market does. The market has no idea or concern about my net worth and what it's moves do to it. The market also could care less where someone's breakeven point is. The only time I consider risk is at the outset where I set my loss level at less than 2 percent of TLNW. I either drop my position size or increase it depending on where the market indicates to place my initial stop. --Good question.