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What's more important, stops or targets?

I have rules setup, but it's not quite 100% mechanical. I'd say maybe 90% of it can be automated. The other 10% is subjective based on how price action looks like.

Those that say exits are more important are not using coin flip to enter; and I think that's intellectual dishonest response in my opinion.

Of course this mofo decides to steam roll through that level.

What a shitty long trade. Original target was around 151

US session open I trade for income. I don't want to waste time waiting, especially months. Otherwise I'd just invest in the stock market.

opening range breakout

It's inherent in the strategy I guess. Betting on a breakout on ORB but it remains mean reverting.

March '24 return: -32.21% 2024 YTD return -25.97% All time return (Jan 2023-Mar 2024): +12.40% Same period returns for SPX = +36.85% NDX = +66.87% Severely underperforming the benchmarks. The backtests did show significant setbacks in during the black swan events. The last time this...

Screw it, I'm going back to manual trading. Need to brush up on the skills. Starting @ 2am CST, trading NQ Using my classic moving averages + vwap bands setup. Scale out when wrong or hold whole position till profit target.

I've tested the "let winners run". It doesn't work in daytrading. Swing trading, maybe. You're screwed on two fronts: having the right entry, and having a runner which happens like 30% or less of the time; all within a limited timeframe. BY the time you actually catch a runner, you're already...