I missed this morning's short fun since I didn't hold the original short from yesterday. The R120 triggered long at 787.20. I was taking a nap, so bought in at 785.80.
I need to work on a re-entry strategy for days like today. Possibly using the R40 chart to take volatility flips in the direction of the trend already established by the R120.
I am one off at +1.1 at 786.90. I'll try to hold the 2nd contract as long as the VS is green. I felt like I had too much risk with two contracts using these wide of stops - about 4.3% account risk. One contract cuts that in half.
I ended up selling the second contract at 787 for +1.2 on that contract. Really having a hard time getting out of the scalping mindset. When the market makes a little available - and offers to buy me dinner tonight - I have a hard time not taking it. Will need to work on this.
The R120 long looks like it would have worked out, but you would have taken 3.5 points of heat first.
Curious if you use a hard stop or set stop at the volatility flip line? I know it's tough to take the heat sometimes but I have found you got to give the trade room to maneuver.
I've done both. The problem is that sometimes it will violate the stop, but not flip. Then, of course, it goes in the original direction without you. It can be traded intraday without a hard stop as long as you stay at the machine and watch it.
The train left the station without me today. I need to work on a re-entry strategy once the trade is on. Especially after being flat over the weekend. Painful to watch it go with out you. As you can see from the chart, though, the VS had you in this trade the whole way.