Dagger. Friday afternoon. One hour till market close. I thought the setup was great but it just didn't work out. Because of the volatility I used 2 pt stop (normally 1.5 pt ES stop) and I took a full stop out on 4 lots. I looked the trade over and over again and I don't think there's anything wrong. Throughout my 4 months of simulation I have 83% of chance to hit target 1, but I still have 17% of chance I get full-stopped out and this was one of them I guess.
I'll take the same trade anytime any day. Besides, I need to be more aggressive on setups just like I did on sim.
Saturday, September 27, 2008
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