Disliked{quote}
My last problem is I need to accept the BE trades better because it allows the market to run better rather than always cutting the position early {image}Ignored
BUT, consider the alternatives. If you let price slip through your BE stop how far do you let it go? You may by this stage be already in a signalled reverse move, not only are you losing money, you've denied yourself the opportunity of making profit on the reversal.
Plus preserving your capital in this way is as good as a good trade, it is a "position".
Very often when you're taken out at BE the signal that took you into the trade initially will have broken down. If the move re-establishes itself it's quite likely that a new signal will form giving you the opportunity to re-enter either the full trade or just the TP that exited at BE.
All in all, over the term, I've found it a very beneficial rule, but it still hurts when I'm out and the trade goes on to great profit. Sometimes I do break the rule and allow a little flexibility on those days when I think I'm smarter than the market. Invariably I get a sore backside!!
Strada.
@ Jonnypants ~ daily "target" is around 20 but I'm flexible on that, some days I have to settle for +1, and do my best not to have any losing days. Strict believer in the market will only give what it wants to give, so it's up to me to manage my trades within those parameters.