Only experienced traders can answer this question to help less experienced traders. If you only took 1 trade per day what set up would it be?
- entering a long as price bounces off of a support level and/or trendline .... and vice versa with the shorts. ......... its my bread and butter
That prerequisite appears to be seriously limiting replies. Maybe you should open it up to experienced paper traders.
I would stop when your pain was the greatest and you were capitulating.. my target would be your account value of course
===================== FrCo. 1]Study/concentrate on 1 or 2 markets, for decades[plus SPY /S&P trends}; take 1 trade per month or trade per 20 or 50 days,not 1 per day.