Hi Sharks
That's the hard thing to determine isn't it, am I being too aggressive or too conservative?. I was playing around yesterday with trailing stops on my baskets ( sometimes I haven't got time to sit and monitor my trades) I haven't got a trade manager I just place them manually and give them all the same Trailing SL. Then I thought maybe try giving them varying Trailing stops, so the first trade would have the largest TSL while the last trade placed ( nearest the price action ) would have the smallest. That way only some of your trades will close out on a minor pull back and then you can always scale in some more trades if the price carries on in the original direction. I haven't tried this yet so it might be a load of bollocks! I sat down with a piece of paper and a pencil to try and figure it out but my head started to hurt...If I get a favorable opportunity tonight I'll give it a go but in the meantime if anyone can say "hey Nikl that wont work" I'd appreciate it
Cheers
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Hi Sharks That's the hard thing to determine isn't it, am I...
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