Hi Emintrader:
Your approach simply makes sense:
a) on down markets you may not have trades at all (since you are a buyer), or few trades with tight stop loss. Good!
b) on up days (like today) you may have many trades with very good outcome. Good!
c) on reversal days, i.e.: up after the opening and down afterward, you may have several entries, all losses but with tight stop. A normal drawback.
Thank you for sharing. Keep the good work!
From the Safe
Your approach simply makes sense:
a) on down markets you may not have trades at all (since you are a buyer), or few trades with tight stop loss. Good!
b) on up days (like today) you may have many trades with very good outcome. Good!
c) on reversal days, i.e.: up after the opening and down afterward, you may have several entries, all losses but with tight stop. A normal drawback.
Thank you for sharing. Keep the good work!
From the Safe
...You are right ! This is my approach. This approach fit me well...It limit my emotions