Looking more and more like moving that stop was a bad idea...lol

would have gotten out at 1773.90 if I didn't move that stop up...which is about 17pts of additional profit left on the table...

It's become my experience that leaving the initial stop in place and finding another way to exit is the best way. Trailing stops are crutches. But old habits die hard.

That's why you test. That's why this thread exists.

For the remainder of this test, the initial stop will remain untouched.

This may seem rash based on one trade...but it's something I've been mulling for a while...my automated system doesn't use a trailing stop...it's also a time-based exit of sorts.

Time based exits allow you to capture way more profit. There is no predetermined exit price...

This kind of makes sense in a way. You're already incorporating plenty of uncertainty in using an initial stop loss. You want to put the additional burden on yourself of being correct about an exit price?

I'm not that good...are you?

Taking away the burden of trying to figure out an exit price and just letting the market roll along (as long as your initial stop loss isn't hit) provides the best way to "let your winners run"

I would just like to point out, in terms of "market timing"....what happened to futures since I posted that I "would have" sold my long at 1773.90 last night.

RTY has dropped over 30 points basically straight down and has blown past yesterday's lows...

Pretty good timing I would say...lol

Currently have an order in to short @ 1751.40...will post if it gets filled

Market is so weak apparently, and I woke up too late...the market isn't likely to give me my fill it seems...I will keep waiting...it's too bad I can't easily automate the strategy I am using in this thread

Just got filled...that might be a bad thing...lol

RTY short @ 1751.40
Stop loss = 1764.40
Target = ???

RTY just taking a huge dump today...down twice as much as other indexes...of course I don't mind...

The trading day seems to be falling right into your lap on this one. :headbanger:

The trade is still open...was looking very nice there for a while, but of course, it's never that easy...

Still sporting a 16pt profit at the moment as the futures markets rest for another 50 minutes before opening up again at 6pm ET.

The way my indicators are looking at the moment, this short looks like it will likely be covered tonight at some point...I will post here when it does.

Stop loss is still at original level and will remain so no matter what.

Just covered my short...getting out while the getting is GOOD

Recap:
Short RTY @ 1751.40
Covered @ 1722.50
P/L +28.90pts

Thus far I am 2 for 2 in this thread and +45.60pts, or +$2,280 per contract traded on RTY.

New Trade

LONG RTY @ 1738.80
stop @ 1728.40

Liz Truss trying to mess up my trade by resigning...:lol:

And she just did that...got stopped out

Recap:
Long RTY @ 1738.80
Sold @ 1728.40
P/L -10.40pts

can you believe something as stupid as Liz Truss resigning cost me that trade?

The life of a trader...:pound::pound::pound:

RTY hitting daily highs as I type this...FML lol