THIS STRATEGY, ???

Discussion in 'Automated Trading' started by MISSSNP, Feb 18, 2024.

  1. Yes but you look at IWM how much of your gains would have been losses when price recently went from 202 to 193? If you bought 100 shares at the break of 200, on Friday you would have been up $200, but on Monday would have been down $-700 and no doubt stopped out before price made a full recovery the next day. This will happen repeatedly.
     
    #11     Feb 18, 2024
  2. deaddog

    deaddog

    Do you think IWM is trending upwards? (to me it looks like it's moving sideways)
    With IWN why would I have been stopped out?
    Where would you have put a stop and why there?
    Mine would have been under the last swing low.
    As long as my losses are small and under my risk criteria of 1% of my account it would have been an acceptable trade.
     
    #12     Feb 18, 2024
  3. tomkat22

    tomkat22

    $202 to $193 is only a 4.4% drop. Most swing traders give trades a little more room to breathe than that.
     
    #13     Feb 18, 2024