Not so much of rules changed as I added options
And yep, past year I was few points from target and ran all way back to breakeven, made 60% on the options and tomorrow another day. I been shorting the Indexes on new contract highs for awhile, it is that last trade I don't want to miss.
What do you do when you have reached all your milestones?
This, options, not to be confused with financial instruments of the same name, is what adjustment is all about. A robust "rule" will allow for and have options.
Without the option of using options as part of your rules, this highlights the loss of time, opportunity, and through osmosis, money. Which of course takes on a tearful perspective for the long(er) term holdings. Robust rules that allow for and have options, saved the day and will again another day too, I'm sure.
Not possible the way I live and think.
All the best to you.
Stopped loss of 2.5 ptsDay trade short 2263.50. Initial stop 2266.00
Stopped loss of 2.5 ptsDay trade short 2264.50. Initial stop 2267.00
Everyday is different in the markets. There are general trends..ranges..pull back..BO...channels...to be sure and all are a reflection of human nature. However, that said, no two are exactly the same in terms of the forces at play within them. That is, no two trends are exactly the same. Likewise with ranges therefore it is best not to trade each one the exact same way each time.Markets do not change because human behavior never changes. The same set of rules that applied yesterday applies today. Successful trading is about losing a little when wrong and winning more when right over the long haul.