Okay, I see. Thanks. Then is there a number of attempts youâll try to re-enter and if they still get stopped out (small losses), youâll just throw in the towel and look for a different opportunity? I have found that my upper limit for such is 2 attempts.Quote from Baruch:
Yes, if the charts and the action still says long, I will go long again. But I don't take big losses.
Quote from Kermit:
Okay, I see. Thanks. Then is there a number of attempts youâll try to re-enter and if they still get stopped out (small losses), youâll just throw in the towel and look for a different opportunity? I have found that my upper limit for such is 2 attempts.
Kermit
Yes, I agree.Quote from nycderivtrader:
I think the best way to handle these instances is just to look at your next trade as if you were never in that previous loss. Remember what happened, but don't be affected by it- as I said, I was disappointed, and looking back, I would have been better off with a wider SL- BUT, the trade could always have gone the other way and can hurt your account worse!
NYCDT
Quote from Baruch:
Anyone who knows something about automated trading? Any links to websites/firms?
I could like to try to trade my system 24/6 - also when I am sleeping or fishing...
Quote from manz66:
Hi Baruch,
I gave you few links hundred pages back for auto-trading , and you are still searching? I am surprised. Did you try them?
Your system is easy enough to code and automated, so try this link again their expertise is autotrading. Goodluck.
http://dynaorder.com/index.asp