Well the reason could sound pretty idiotic as it's randomly chosen range near the highs, and I am sticking to it, I don't want to alter the range, market will move one way or the other, if it doesn't at the time of my max loss becomes apparent, then I will look for another range, ideally the actual high. If I am to call it quits based on certain capital loss, then it would have been the same as me making 1 trade committing same capital to a 2 or 3 point stop or whatever that stop would have been. One thing for sure - I won't get a Nobel prize for this stunt.
ES Journal Archive (2006 - 2008)
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Well the reason could sound pretty idiotic as it's randomly chosen range near the highs, and I am sticking to it, I don't want to alter the range, market will move one way or the other, if it doesn't at the time of my max loss becomes apparent, then I will look for another range, ideally the actual high. If I am to call it quits based on certain capital loss, then it would have been the same as me making 1 trade committing same capital to a 2 or 3 point stop or whatever that stop would have been. One thing for sure - I won't get a Nobel prize for this stunt.
Maybe you should go back to square one
http://www.elitetrader.com/vb/showthread.php?s=&postid=1337755#post1337755
Quote from Brucelee:
Maybe you should go back to square one
http://www.elitetrader.com/vb/showthread.php?s=&postid=1337755#post1337755
Somebody I know has lost over $22000 on 1 trade yesterday, but he can handle it.Long 1441.50 increased bet size
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