The "problem" with this experiment is threefold. 1) unable to exploit more productive day-trade opportunities (in this instrument) 2) held hostage by volatility instead of using volatility to your benefit. 3) expectation and need of an extreme or 100%+ retrace is an inconsistent at best day trading strategy, no different than spear-catching or top picking. Just saying. Success to you.
Thanks. The experiment is just to use a longer term stop on a day trade. Likely if not stopped out, I'll leave it on and the experiment will be over as I will be able to see and show that day trades need to be taken with intraday stop points otherwise it's position trading or investing. I always experiment with real money in the real market so that items can be learned.
One scenario I see may happen we rise here, get rangebound with emphasis testing lower TL, selloff end of day. I'll be looking for those cues.
No experiment needed to validate those words. It's the only way! Never let an unproductive day-trade turn into hope. NEXT!!