Daily Bias, Backtesting and a Loss Recap

Daily Bias, Backtesting and a Loss RecapLesson 11 of 134 min read

Where it ended

What price did after the entry, told without a verdict attached, and the one number the trade cost.

The order was filled at 2,425. This is what happened next.

Two dollars short

Price rose to 2,429 over the next half hour. The first target was 2,431.

It did not reach it. The move stalled, turned, and came back down through the entry.

Price approached the target and stopped short of it.

The stop was taken

Price traded down through 2,421 and reached 2,420, where the stop sat. The position closed for 10 dollars, which is one percent of the account.

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