Same issue for me sometimes and probably experience is the answer. I think the overall market context + deciding whether this is a day trade or a swing trade first, effects the decision. A day trade your stop can be below the swing low, or VWAP, or whatever the intraday says. But the swing will be below an SMA or D1 level that’s usually further away. Often times I fool myself into swinging, when it really should have been a day trade and I was simply just wrong. Then since we lean on the daily, I justify staying in my losing trade. Like “the market is pulling my RS stock down and I expect the market to rebound tomorrow” is different than “My stock lost all strength and market has no direction so I’ll lean on the daily”. Just an amateurs opinion. I took two large losses last week on Friday due to leaning on the daily of bad picks.
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