Rank: Member
Groups: Registered, Registered Users
Joined: 6/14/2007(UTC)
Posts: 17
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I am using this RAD ChandelierStop long alert system indicator on SPY for my holding to track what is the stop loss position, I did buy the spy since nov 5, 2012 at $137 and hold until 6/6/13 11:00 and sold at $161.65, since the price drop below the bar. on the setup, I use initial stop ATR multiplier 2 and trailing stop ATR multiplier from high 4
I can understand this is the system to alert the stop, but my question is when should I buy again.
today I see the RMO is still on positive and the exit swing above 20, I buy again at $165.1, pay $1000 more out of the $7000 profit, base on 300 shares. is this a right choice?
what would you guy do, or should I just follow the simple rule to keep it until the RMO go negative. Put it this way I don't mind to do long trade, but just want to learn from one another. thanks.
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