NQ Journal - 2015

Buy1Sell2 said:
This is an experimental trade (with real money) using a much longer time frame for the stop as if it were a position trade.
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The "problem" with this experiment is threefold.
1) unable to exploit more productive day-trade opportunities (in this instrument)
2) held hostage by volatility instead of using volatility to your benefit.
3) expectation and need of an extreme or 100%+ retrace is an inconsistent at best day trading strategy, no different than spear-catching or top picking.

Just saying.
Success to you.
 
tiddlywinks said:
The "problem" with this experiment is threefold.
1) unable to exploit more productive day-trade opportunities (in this instrument)
2) held hostage by volatility instead of using volatility to your benefit.
3) expectation and need of an extreme or 100%+ retrace is an inconsistent at best day trading strategy, no different than spear-catching or top picking.

Just saying.
Success to you.
More...
Thanks. The experiment is just to use a longer term stop on a day trade. Likely if not stopped out, I'll leave it on and the experiment will be over as I will be able to see and show that day trades need to be taken with intraday stop points otherwise it's position trading or investing. I always experiment with real money in the real market so that items can be learned.
 
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One scenario I see may happen we rise here, get rangebound with emphasis testing lower TL, selloff end of day. I'll be looking for those cues.
 
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