Second target filled. Again trailing stop did not help minimize losses and actually hurt gains. I've been saying I'm not going to change the system for at least a month. I need to give it some serious consideration as the target and trailer have not worked and has hurt overall results.
No idea, I was actually expecting to get stopped out on r10 long trade. My bias was short and I'm short intraday with my other trading (helped a lot the last few days). That move just stopped me out...but anyways.
Yep, part of the purpose here is to create a system without my bias. Long term - bias is long Swing trade - bias is long Intraday trade - bias is short (although moving to neutral)
Second target hit. Again, first target and trailing stop have not had intended effect. If we had not implemented those, we would actually be profitable right now. Anyways, we are down about 1k (based on my calculations) I ll take a look at official brokerage statement tonight. Any suggestions on modifications to the system? Or do you think I should keep intact as is? I'm leaning towards 3pt target then 5pt trailing stop (no target) vs. the first system. So if 3pt target is hit then initially stop would be -2 and worst for the trade would be +1 overall (minus slippage/commissions). In the meantime, I have to head out for a routine doctors appt. here shortly. I'm going to just leave the short order at 1239.00
R10 short at 1239.00, stop at 1242.00 Edit: Stopped out. You're right, I probably should have shorted at 1240.50. Curious to see what happens. Stopped out either way.