Trading Dummies

Are you guys putting your stops very close to the other end of the setup candle, or are you giving it a little more room? I've been giving the stop a bit extra wiggle room (usually no more than 1.5% risk), but I'm wondering if I'm better off keeping it closer. Any thoughts?
 
Well, today turned out to be my worst day so far with the dummies. Ended up down about 2.9% ROI for today. These sideways days on the indices tend to be the bad days for this strategy... obviously because you're odds of getting stopped out on both longs & shorts are greater.

Today I ended up taking 5 longs, stopped out on 3. I actually would have been up about 0.5% on the longs, it was the shorts that killed me. 7 trades, 4 stopped out, 1 closed EOD at a loss. 1 break-even and only 1 winner, VOD.

So far no big winner the past 3 days, but overall the last 6 days I am still up about 1%. Hoping for a good day tomorrow.

Good trading!
 
Whew... what a day! Ended up making over 20% ROI. Total of 14 trades, and only 3 losers. I'll post a few charts of the winners. This one was the best of the day.
 

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