This mechanical Trailing Stop rule with wide Stops has been consistently causing me a lot of grief. In January, it did not matter much because I was still earning some points - but in a drawdown, it is a different matter...
Day Trading Diary with Live Trades
Monday, February 8, 2016
Patience did not work today - Day Trading: Feb 8, Intraday
Today was another day when patience did not work. I took a single Long trade today, and booked a loss of 13 points in it - after being that trade for nearly 4 1/2 hours with a Most Favorable Excursion of 36 points. My mechanical Trailing Stop rule did not allow me to move the SL just yet....
This mechanical Trailing Stop rule with wide Stops has been consistently causing me a lot of grief. In January, it did not matter much because I was still earning some points - but in a drawdown, it is a different matter...
This mechanical Trailing Stop rule with wide Stops has been consistently causing me a lot of grief. In January, it did not matter much because I was still earning some points - but in a drawdown, it is a different matter...
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