dangerous in my view after we've already had this drop--good that you have a stop--hopefully it's risking less than 2% loss. Good fortune to you.
I agree. I am still working the bugs out of my strategy. The indicators that I have were pointing to the upside. But, they dont work well coming out of the overnight. So at the beginning of the day I should wait for a breakout before looking at them and deciding the days direction or the next moves direction. I have had the day being short since you went short and my best trades have been short. So I see what you are saying. Ill just have to keep tweaking my abilities. And pay attention to the longer time-frames first. Then make decisions on based on the next 2-5 hours as to the direction.
Stopped out. Well those two evaporated a large chunk of last weeks gains. I think Ill sit out until I see something more concrete. Good luck everyone.
You say you are looking to add to position,but i can't see anywhere in your posts that you have taken a position
"There are decades where nothing happens; and there are weeks where decades happen." â Vladimir Ilyich Lenin NDX targeting the 20 month.
I said add to a position not to a trade. Meaning adding to a swing position. This thread I have learned from times past focus more on day trade. but I do got a big chart posted (Thread page 17582) with a short from 1196.50 (Its where that sell line and stop line shows on that chart) I am looking to add to this position to test 1140 on its way to 1125 but so far no trigger so no add.