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Quote from jnbadger:
Although I find it a coincidence that today is a perfect day to utilize this strat, I do have a serious q for you.
In determining your stops, are they based on a stat analysis of price movement, a dollar loss, or trendline etc?
And how did this work yesterday?
The reason I ask is that I tried using a stat analysis approach for stops last year, and it worked well until the first if this year. The strat seriously tried to take my account a few times early this year because of "Up 400 dow points one day, and Down 400 the next" kinds of scenarios.
Therefore I abandoned the strat altogether and have been concentrating on bread and butter techniques. But it seems as though it has some serious potential over the long run.
Thx