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IWM - Chart Link - I've been saying forever if you are long IWM, just stay long with a stop at the higher low from June. However clearly with today's move you now move that stop up to Monday's lows. see how easy that is
Matt, would another alternative be to set the stop at a 50% retracement of the candle or would that be too tight?
that's an alternative as well for shorter term traders.
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IWM comments
Posted by matt on 24th of Jul 2019 at 03:52 pm
IWM - Chart Link - I've been saying forever if you are long IWM, just stay long with a stop at the higher low from June. However clearly with today's move you now move that stop up to Monday's lows. see how easy that is
Matt, would another alternative be
Posted by peterwelsh on 24th of Jul 2019 at 04:40 pm
Matt, would another alternative be to set the stop at a 50% retracement of the candle or would that be too tight?
that's an alternative as well
Posted by matt on 24th of Jul 2019 at 04:41 pm
that's an alternative as well for shorter term traders.