But as with the other losing paper trades I've seen lately, it is a great lesson and confidence boost to see how well the MACD and AO indicators on the 15min chart are going to work for risk management. There will be meat left on the table most of the time because the indicators seem to trigger an exit before the tickers really dive, but I'm okay with taking medium to small gains vs big losses because I'm swinging for the fence.
Timothy Sykes has said before that you're better off making singles and doubles consistently rather than always going for homeruns and striking out.
I'm quickly seeing how important it is for risk management and not taking unnecessary losses because of holding too long.
Screenshots and Notes:
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