I lost 2R today in a slow market, but again my position size was smaller than normal. I made a couple scalping type trades in AMR. The more interesting trade (if you can call it that!) was PPL. I traded PPL off the break of the 5th bar on the 30 minute chart. It got to within 5 cents of the threshold where I’d move my stop to 1R - instead I got stopped out at breakeven. I know from looking back at my trades in StockTickr that in the long run my stop strategy will pay off.

Sure there will be trades like this where I leave a little on the table, but it’s better to let 1R slip away than to consistently move my stop too soon and lose out on those 5R trades later. Here’s my trade in PPL:

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