@jfsrev@RealSimpleAriel
After reviewing my trades, most finish at 10-15 ATR extensions, however, a small amount keep going and the 21 EMA break is much much higher, so I developed the following selling rules.
>25% of initial pos only into 21EMA break
>75% saceld out ATR ext
Fine tuned the sales a bit and added a tracker for existing positions where you put ticker and shares and get a result of what to sell. You can ask chatgpt to reproduce this, np
For placing sell orders I use the "ATR multiple bands over 50D (%)" indicator and put limit orders
Usually 50SMA is worse than 21EMA but in some outlier cases it is much better. Usually at max ATR% extension the sale is higher than the 21 EMA break but you never know what ATR extension will be the last. This is data for my 2025 winning trades.
Thoughts? Thanks!
@TradingHorror@jfsrev@RealSimpleAriel Here you have an example, for a trade that starts with 1000 shares:
-250 shares are kept to be sold on weakness
-at 7x ATR you sell 750*20%=150 (600+250=850 remaining)
-...
@TradingHorror@jfsrev@RealSimpleAriel If I buy 100 shares.
25 I keep for selling once the 21 EMA is broken and the LOD is broken again.
The rest (75) I sell into strenght. always I sell a % remaining of the 75 shares at each ATR multiple