I'll look into it later - that might be a rounding error. I have the STS stops displaying at larger numbers for instruments that are higher priced such as on the indexes rounding to the nearest 5 or 10 points.  For IWM is rounds to 192.5, looks like every 0.25 increments  for the display but when I look at the system the actual stop before pre rounding is 192.24.  So the rounded price must be being displayed in the chart and table, I'll ask the developer

    otherwise remember this stuff is not exact science. Some people like to wait for a close confirmation, or what I do at times is I'll keep the stop in place, and if I'm stopped out, I'll go and look at the chart inta day, 5 min, 15 min and monitor it, if price goes back above that STS price before the close I'll just renenter and use that stop again.

    as far as the market - there's still possible chance that move down was a wave A and this  bounce forms a lower high wave B, then down again in C -which if that's the case,  best to be out or you would simply get stopped out next time on that wave C down. Again what matters is your position/no position, if you stopped out you stopped out regardless if it shows on the tables or not, which again I"ll discuss with James later on - he's West Coast and a developer - those guys stay up late and get up late and being in Portland he's already 3hrs behind NYC time

    Thanks for explanation.  I'm not

    Posted by hubrick on 10th of Jan 2024 at 10:16 am

    Thanks for explanation.  I'm not so nimble, have to put stop order in, have to wait for settled cash to buy again.  I'll just miss some.  I'm waiting for wave C to buy again.

    hubrick - I'll add that

    Posted by matt on 10th of Jan 2024 at 10:25 am

    hubrick - I'll add that even though the system enters at the close - on the tables it's doing the calculations on the %G/L using prices on the next day open for the entry. So if IWM went long on a Monday at the close, the entry price uses Tuesdays' morning open - assuming a real world scenario where most folks are not setting the trade until that evening or entering after hrs and waiting to enter the next day

    THE STS are end of

    Posted by kingpin15 on 10th of Jan 2024 at 09:39 am

    THE STS are end of day. XOP is perfect example, went below the STS Jan8th.  Yet remains a long. (my alert went off, i checked the stock and have a rule NOT to close longs until hour before end of day. As matt said, this isnt an exact science. you need a process. 

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