Yes sir it is. But as the market conditions change, we have to adjust or get our pocket drained.
What does it take to be a trader.
- Thread starter dickey7
- Start date
What are you gaining by not acknowledging that you should be using a volatility measure, but aren't?
Please explain volatility measure. Are you referring average true range?
If so, what difference does it make, price action determines the stop loss location. Then adjust stop loss as needed.
No need for average true range or volatility, just gets in the way of things.
Sure, something like ATR. I suppose you can eyeball it, but if you're not systematic, you'll get stopped out frequently while situation schange.