When you get a min – “my style of running losers I have to daily bank” could you expand a little? Ta
Sure because I do not use strict stop losses and can run positions multi day or even multi month (and am), then I look at my overall pot.
No one can afford to run losers ad infinitum so what I do is make sure I bank points daily to fund the losers rather than having to put margin in.
Therefore I need to bank x points daily in this SU market to fund the running losers.
Hence putting a stop at breakeven cannot suit me if I have 3-5-7 points profit and I feel it is threatened.
As it happened today played out perfect and although I ran the overnight one, I was spooked out of the intraday long.
Even if I just longed the SU level posted just above at 1746.50, there would be 3 points again.
Today was all about longing the dips.
Plan your trade, trade your plan!