I’ve spent the last few days trading breakouts which are showing a lot of promise. It’s very different from dummy trading and I’m interested to see whether I can do both simultaneously. So far, the breakout trading has more than made up for my mediocre dummy setups that I’ve taken. I feel a little like Tyro did in December.
It’s been a fun few days. As my StockTickr Calendar indicates, I made over 6R today, but my profits aren’t as much as my R levels indicate – my position size was about half what it normally is (which is pretty small anyway, in my opinion).
Here’s the chart of SCHL, my losing dummy/fib setup today.