Posted by fishbait on 25th of Aug 2011 at 10:11 am
Are we going to the -6.5% stoploss system on the next
trade? Not sure if the new system has been designed yet. If
it has did the re-entery get fixed so we catch the big profit
trades that were missed?
fishbait -
IF it suits your risk tolerance, you could use a hard
stoploss: 6.5%, 10%, 15%, whatever you are comfortable with.
If your stoploss is triggered and you decide to exit the trade, you
could get back into the trade IF it generates a subsequent
entry signal. That's a lot of IFs, and you'd be deviating
from the system of course, but it's your choice, as has been
pointed out here before.
Fishbait's point is that Matt instituted a 6.5 stoploss after
the last trade. In his recent SPY discussion, he says that
he's changed his mind and is going back to the original system,
without a stoploss.
Since this last decision hasn't been announced in a separate
post, Fishbait is somewhat confused.
I don't believe so. You may see follow-up and discussion
regarding if you were following that rule what would be happening
etc. but I think as it stands now the system will remain in its
current state. Matt also addresses some other thoughts and
comments in his recent post which is currently up top as a
sticky.
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6.5 % stoploss
Posted by fishbait on 25th of Aug 2011 at 10:11 am
Are we going to the -6.5% stoploss system on the next trade? Not sure if the new system has been designed yet. If it has did the re-entery get fixed so we catch the big profit trades that were missed?
fishbait - IF it suits
Posted by yojimbo on 26th of Aug 2011 at 11:08 am
fishbait - IF it suits your risk tolerance, you could use a hard stoploss: 6.5%, 10%, 15%, whatever you are comfortable with. If your stoploss is triggered and you decide to exit the trade, you could get back into the trade IF it generates a subsequent entry signal. That's a lot of IFs, and you'd be deviating from the system of course, but it's your choice, as has been pointed out here before.
Fishbait's point is that Matt
Posted by algyros on 26th of Aug 2011 at 11:42 am
Fishbait's point is that Matt instituted a 6.5 stoploss after the last trade. In his recent SPY discussion, he says that he's changed his mind and is going back to the original system, without a stoploss.
Since this last decision hasn't been announced in a separate post, Fishbait is somewhat confused.
I don't believe so. You
Posted by tom on 26th of Aug 2011 at 09:59 am
I don't believe so. You may see follow-up and discussion regarding if you were following that rule what would be happening etc. but I think as it stands now the system will remain in its current state. Matt also addresses some other thoughts and comments in his recent post which is currently up top as a sticky.