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Old 05-23-2009, 06:45 PM
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phil838 phil838 is offline
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Join Date: Aug 2008
Location: Arkansas, USA
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Quote:
Originally Posted by PIP CHASER View Post
Sounds good. You could increase your position size for each stop and reverse to gain a positive outcome for the week.
True, but I'd look at the recent weekly ranges first. If the first trade stops out, but the second trade still has a lot of room before hitting the weekly range that could work. But if the first trade ate up a good amount of the range you'd risk getting stopped out on both trades!
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