I'm thinking back to the beginning of February when the market
started dropping, and a second SPY Pro entry occurred, followed by
more downside. Then I think you mentioned having a stop in
place in case things continued to drop. Previous to that
point I had always traded the SPY Pro system with no stops, just
waiting for exit signals.
Now that volatility and choppiness has appeared in the market,
I'm more conscious of protecting the downside risk but somehow
still allowing for second and third entries lower.
I'll place a safety stop under the bottom trend line and hope
that it gives it enough room.
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I'm thinking back to the
SPY System - To be clear, it is long? Right?
Posted by rojoch on 19th of Mar 2018 at 02:14 am
I'm thinking back to the beginning of February when the market started dropping, and a second SPY Pro entry occurred, followed by more downside. Then I think you mentioned having a stop in place in case things continued to drop. Previous to that point I had always traded the SPY Pro system with no stops, just waiting for exit signals.
Now that volatility and choppiness has appeared in the market, I'm more conscious of protecting the downside risk but somehow still allowing for second and third entries lower.
I'll place a safety stop under the bottom trend line and hope that it gives it enough room.