A Traders worst Night mare. Price recovering almost 90% after breakout how many traders would really hold (maybe Swingers or positional holders)? Those who did, would really have enjoy till weekend (after that its uncertain where it will open on monday), I guess I am NOT one of them. If I wait this long I would be a sitting duck, but on second thoughts why did I add second lot If I wanted early exits? What do I really want peanuts or cashews? So far in this mad race someone else is eating cashews. Until I figure this out I always have to settle for peanuts!
So another rule adding since 2 lots is new for me.
If trend is up (like it was yesterday) and I am on long side, I will hold 2nd lot till pivot exit
If I am on CT its better to exit like I did yesterday.
Going to try this till march end and find out if it works.