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John J

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Posts: 272

Joined: 8/3/2010
Location: Leduc, AB

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Subject : Re-entry
Posted : 6/23/2019 3:20 PM
Post #46240

We have all been there. You're gung-ho on a particular stock going north, and you go long on a signal with a hard stop in place. What happens next is that you're immediately stopped out. Now what? Conventional wisdom tells you to shy away because the market proved you wrong, right? Well, the idea that the stock should go north might still be intact, it's just that your timing was off. We also know that most of the RTM strategies assume that we're not dealing with a falling knife....

I found a video on how to deal with this (the interesting part is starting @38:15). So what the guy is proposing is to re-enter at the original entry price (he's got some stats to back it up). The question is, how do we go about retaining the original entry price in a TP? As far as I know, it's not possible with the current limitations in Olang...?

https://www.youtube.com/watch?v=-WuQGewpM2o

[Edited by John J on 6/23/2019 3:29 PM]

Deleting message 46240 : Re-entry


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