Thank you, Matt: it's been a profitable trade! I took only one
ES contract, and should have taken two and sold one on a bounce to
provide me with a cushion. This is obvious in the retrospect.
My concern was about where to put a stop in case the market had
gone lower. Stops are not part of your system, but I could not
convince myself that I could let the trade go against me because it
was counter-trend and in the bear (corrective) market. I would have
re-entered lower, of course, if stopped out.
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Thank you, Matt: it's been
Futures this evening
Posted by junkie on 30th of Sep 2015 at 10:28 am
Thank you, Matt: it's been a profitable trade! I took only one ES contract, and should have taken two and sold one on a bounce to provide me with a cushion. This is obvious in the retrospect.
My concern was about where to put a stop in case the market had gone lower. Stops are not part of your system, but I could not convince myself that I could let the trade go against me because it was counter-trend and in the bear (corrective) market. I would have re-entered lower, of course, if stopped out.