If you have to cover for only 5 points several times, isn't that a sign that you're trading against a trend? Why not just switch the direction and look for good long entrys on dips?
Now up 100 points from yesterday, totally relaxed, but thinking about the jobs report tomorrow and would like to exit one more near 10590. I am going to make some adjustments and settle for 10570, just placed the order so it needs to move back up again to take that one lot out, that puts me long 2 if it happens.
Myself I've been thru enough challenges in the market, Im always looking for the easy setups. Now get up their and hit my sell limit order @10570.