In your post #37, you talk a bit about MM. $500 from $10,000 is 5% not 1/2% -- what were you meaning there?
And in one of those pics on that post, your open orders were almost -500 and looks like was even higher at one point. That's a lot compared to the small TPs. How much heat will you take on those?
A dangler can happen anywhere in the series. If you're on a nice run and have 20 winning 10 pip trades, that's great. But if the last trade you entered doesn't hit TP and reverses you need to know where to pull the plug.
That reverse can of course also happen after the first or second trade, as happened in your pic. In this case you let it go to at least a 5% DD. How far were you willing to let it go?
And in one of those pics on that post, your open orders were almost -500 and looks like was even higher at one point. That's a lot compared to the small TPs. How much heat will you take on those?
A dangler can happen anywhere in the series. If you're on a nice run and have 20 winning 10 pip trades, that's great. But if the last trade you entered doesn't hit TP and reverses you need to know where to pull the plug.
That reverse can of course also happen after the first or second trade, as happened in your pic. In this case you let it go to at least a 5% DD. How far were you willing to let it go?