3309 Drysdale Ct
Edwardsville, IL 62025
I don't mind losing out on full reversion to mean
trades...especially counter trend trades (price below 200 and
50 day MA). I've actually taken off 2/3 of the initial trade now,
so I have locked in a gain no matter what happens between now and
when the system trade actually closes. Taking 2/3's off at
1st target is kind of the magic number, in my experience. The
initial move is by far the highest probability part of the trade so
I start large knowing that I'm going to scale out of most in the
higher probability area of the trade. Of course, this is not an
option if you don't develop targets to start with.
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!