I personally have even less risk tolerance. I would have exited at the break of the first down candle low (around 56.95) given that: - the stock made two lower highs (last green and first red candle). - a round number was broken ($57) But that's my style (for now): I prefer to re-enter the trade if I'm proven wrong. I experienced too many reversal. I wonder when did you enter this trade tho. I don't see any narrowing range before the stop...
The entry was on the 5th candle. The 4th was a reversal bar (against the trend is good enough), and at one point during the 5th candle it crossed the high of the 4th candle's body. That was my entry. I am still trying to decide whether a very close stop is good, or a bit of a wider one. I know I've been placing my stops a little further out (but never ever at more than 2% risk), and I usually end up doing quite well. To each his own though. Have a good weekend!
I see. I didn't enter MRVL and CC for the same reason: bars closing well below their high with MRVL actually making lower highs at that point. This same observation lead me to short CCU this morning when the market started to reverse.
Great day yesterday... DITC Entry: 8.06 Stop: 8.00 Closed: 8.61 Short ADSK Entry: 41.43 Stop: 41.83 Closed: 39.90 1 losing trade in ELN...Overall good day...Anyone been doing this long enough to have a longer term w%/L% Good job dummies.
SFCC reversal today and very nice MRX short. Everything worked today: N, BA, SFCC, MRX. I only took a 10c loss in GDW.
You can. Here's how: http://www.trade-ideas.com/VideoHel...Ideas Pro: Symbol List Editor&mode=transcript
Hi daferiat, interesting filter. Would you mind posting the output of this filter for the past 5 trading days or so?
I think that was just an explanation on how to make trade-ideas work with a pre-defined list of stocks.