Chicago Illinois USA
Legendary Market Wizard
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,539 since Aug 2011
Thanks Given: 2,077
Thanks Received: 9,568
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statements are all you will ever need on that topic. Granted that is much easier stared than demonstrated. I use a tertiary target mechanism that in theory would leave the last "unit" in place until an aggressive late triggered trailer is hit or until I get an entry signal the other way.
On Risk...again easy in theory but not so much in application. I use a defined hard stop based on recent short term high/low or I exit as soon as any supporting premis for entry is no longer valid.
DB
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