This was the kind of day where there were directional moves - the kind of days that I missed on every occasion in December - for example. That is also the reason that I am trying out a slower trailing system (A System Hopper will give any reason to justify his behavior ☹)
There are a couple of advantages of using a slow trailing system - ask the Trend Followers. One that is obvious is not getting shaken out of a good move as often, and then you make some profit, if the move doesn't return back deep. The other is that the number of trades are reduced, when I stay in the ride longer. If I tried exiting at maximum profit, I would also probably be looking for a fresh entry after the exit. And how many times do entries actually give good profit? "The secret of success is to find a good thing and stick to it" said the glue.
After a gap down, the trend was up today. Both my long entries were on deep pullbacks in today's trend. The slow profit booking, left a lot of money on the table. There are disadvantages of the slow trailing method, but am not writing about those today. ¡Buenos Días! Sorry about being loco, was watching Spanish videos during the trading hours.
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