6 fills, 3 longs, 3 shorts, 4 winners, 2 losers, +0.07 average
A good one.
I am giving another shot at stop losses. Plain stops, no trail. May trail latter. Trigger method, 2 trades. Initial 0.75% and I move it or take profits. It's about 30 cents on a 40$ stock. It seems to give me the mental safety net I was looking for to hold the positions and try to get more profits. I was really prone to big losses in my trading after looking at my P/L distribution. I want to try to avoid them. At the same time it's an insurance against operator glitch. I also want to be less chicken on the news and therefore have more fills but without riding naked. Will test for about a week and see from there. For today it did well, moved one up and got hit properly. No one was shaken out.
A good one.
I am giving another shot at stop losses. Plain stops, no trail. May trail latter. Trigger method, 2 trades. Initial 0.75% and I move it or take profits. It's about 30 cents on a 40$ stock. It seems to give me the mental safety net I was looking for to hold the positions and try to get more profits. I was really prone to big losses in my trading after looking at my P/L distribution. I want to try to avoid them. At the same time it's an insurance against operator glitch. I also want to be less chicken on the news and therefore have more fills but without riding naked. Will test for about a week and see from there. For today it did well, moved one up and got hit properly. No one was shaken out.