msprofitable
Guest
Once it's filled I'll know the initial stop loss. One of the strange things I've noticed about the Breakout method is the stop loss starts at one level and moves around for awhile (closer and further away). After that it settles down and seems to stop moving. If the market starts going against the position the stop starts getting tighter.
If it's not stopped out it's up to me to close it near the close. I usually wait until the last 15 sec. of the day before executing a market order.