MightyOne wrote:dojirock wrote:prochargedmopar wrote:
How are you trading crude?
How does V8power hedge?
Sunday, find last active Momentum zone(bullish, blue rectangle), wait for break of it with Momentum(bearish), enter short. Protect trade at +1 and got to bed. Doesnt work every Sunday, but more often than not!
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When a fire breaks out and the sprinkler system comes and you are standing there looking at the flames being put out then think of a stop loss.
A stop loss doesn't protect jack-sht, it just puts the fire out.
The only real protection is taking profit: you can take profit and move your stop, but just moving your stop isn't really doing anything:
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I'm not following the math
Are that 5 or 2 lines at risk?