Posted by hawkinslf on 23rd of Apr 2013 at 04:11 pm
went ahead and pulled the rip cord at the close at 157.87.
I watched the high get to close to the second scale out and set up
a buy limit order which meant that I adjusted the 60% remaining in
a stop....of course...the little "flash crash" stopped me out of my
60%. Urgggggg..... Market is too flaky for my tastes,
so I held the second scale out until the close today and
bailed. That said, Matt, I really like this scale out
concept. For me as a swing trader, it lowers my risk.
At the end of the day I make 1.4% profit on this trade of 3
days. I will take it. Thanks.
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SPY
Update on SPY system long trade from yesterday and video comments
Posted by hawkinslf on 23rd of Apr 2013 at 04:11 pm
went ahead and pulled the rip cord at the close at 157.87. I watched the high get to close to the second scale out and set up a buy limit order which meant that I adjusted the 60% remaining in a stop....of course...the little "flash crash" stopped me out of my 60%. Urgggggg..... Market is too flaky for my tastes, so I held the second scale out until the close today and bailed. That said, Matt, I really like this scale out concept. For me as a swing trader, it lowers my risk. At the end of the day I make 1.4% profit on this trade of 3 days. I will take it. Thanks.