Quick question on the STOP LOSS section math: I noticed that while the -1 and -2 columns use max(Last − (N × ATR$), Last / 1.1) (enforcing a ~9.1% max-risk floor), the -1.5 column calculates as the exact midpoint between the -1 and -2 columns, rather than running the direct formula with N=1.5.
Curious about the thought process there - any specific reason for smoothing -1.5 as the centered midpoint between -1 and -2, instead of computing it independently the same way as the other two legs? Thanks.
I think it’s a combination of people sticking to their existing beliefs, past scars, herd mentality, and simply following their own process. For example, some traders only buy software stocks b/c of RS in last 4-6 weeks.
More importantly, it comes down to trading style. Yours seems more opportunistic, getting in quickly and getting out quickly. Nothing wrong with that, but many people in your feed probably don’t trade that way.
One thing I’ve been noticing lately from spending more time on X is that many traders focus more on chart structures than key levels. The current market, though, seems much better suited for trading around important levels with quick entries and exits rather than waiting for perfect chart setups.
What do you think?
@mmonis AVGO and MRVL, as key TPU and custom-chip partners, stand to benefit most. NBIS and CRWV should also see a near-term tailwind after the company confirmed it will use third-party compute to bridge the supply-demand gap.
@mmonis Retrospective yes. pull back to prior earnings print? This moved so erratically with wide spreads - getting a tight stop has been difficult on this name. Got chopped and burnt. Not a smooth trader.