Crooked some days my system works, and others it is pathetic, depends on the stock and on the day red or green lol
For now I try to just look at a monthly total, realized gains, since I swing trade more than day trade.
I have just found by extending my stops out many times only incurs larger loses most times (not all) and then have to sit on a stock a lot longer to come back and try to average down.
My current theory is closer to Wrinks, though not real close since he flips in Miliseconds lol. I am focusing on entries far more and keeping the loses down to a 1-2% area. I think if I do that properly the entry reduces many whipsaws, ie if you buy more when the stock is off on a red day vs buying many times on a green day/
Going to use it for a while and see if I can fine tune things a bit, but not extend my stops at all on anything, been there and done that. Hopefully it will work better on the conservation of capital.
Then it becomes merely mastering the gain end. LOL
Like you say it is whatever we are successful with and works.
BOL
T2M
News 
Market Data 
Discover 
