Quote:
Originally Posted by kagein
ok im going over some of my losing trades and it seems had i indeed put my stops at the 100% level i would have eventually been in the black but this is only after a few days. So how long should i consider having these positions open in future? Do you still only target the 23% level ?
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Theres a reason why I say to put stops at the 100% level.
There is a method to my madness! It makes you more money!
I keep the positions open until I get my target or I stop out. Binary outcomes. Time isn't important. I only target the 23.6% on Deep pullbacks, -10% on shallows.