Read a post about not using a stop. Think, Yeah, we could break the highs, let's turn this into a swinger. We got plenty of held profit to get a pop above and take a pretty good amount of $$$. (But we already took internal highs and was DEFINITELY/CLEARLY heading lower)
Ok, then, let's blow both these accts. Mission accomplished.
prochargedmopar wrote:Proper lot sizing is CRUCIAL for no stop trading.
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Been saying that:. - scale into 2 of 6 contracts (no stops) - scale into 4 of 6 using only profit (profit = stop) - trade at full size (break profit into multiple stops)
We're only really using "no stop" at 25 (1 of 4) to maybe 40% position size (2 of 5).
"Everything Should Be Made As Simple As Possible, But Not Simpler!"