I was long and was headed for a great afternoon, but I had to leave so I could not figure a way to let it run on auto pilot. So I had to exit.
Here is what I considered.
I could have used a trailing stop, but that would not have guaranteed me that I would have been out at the close. And I was right that no matter what, I did not want to hold overnight.
If I used a MOC order that would not protect me from a market reverse. As far as I know there is now way to place two orders and have one cancel the other if either triggers. Do you?
Went long a few minutes ago after coming out of the dip, but prices don't seem to be going anywhere yet.
Trade the Charts and not the Heart - Expect the trend to continue until it doesn't.