I am looking to get short up top. I have been working on using limit orders for my entries. This way if price hits my area of expectation, then I am in with a preprogrammed stop loss that is not to much, in case I am wrong.
Of course, there is no guarantee that price will activate my entry. However, I feel, that by setting a limit order, it keeps me from chasing price, and I can always adjust my limit order depending on price behavior.
Of course, there is no guarantee that price will activate my entry. However, I feel, that by setting a limit order, it keeps me from chasing price, and I can always adjust my limit order depending on price behavior.
Luck has no place in trading. Leave that for the poker table.