I very often move my stop to b/e right away if I'm counter-trend trading, but my challenge to myself today was to trust my targets, and only move the stop quickly if I counter-trend traded without confirmation.
Great job today. Ultimately, this is the way to trade in the long run. No doubt, there will be times when you will give back some or all of your profit, but you need to trust yourself. Let the fat lady sing.
Ah, silly me. I was looking at the TOS chart. They must have rolled over into June after the close without making the adjustment. I just checked NT and others and no gap appear their charts.
I can't emphasize enough that when you're trading with the trend, or wait for the first confirmed reversal signal before countering, CL will generally give you what you expect. If you're counter-trend trading or trying to pick a top/bottom, you better take whatever shows, or it will be pulled away quickly. Those are NOT the trades to leave your initial stop in place on.
No doubt. I tend to look for reversals, am just oriented that way. Always had trouble going WITH the trend. This can and will make hanging on very tough. I should probably rethink that.
