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Hi John
Entry into the market is usually seen as a "go". However, I see it as a
"maybe". "Maybe" thinking is not enthusiastic but is skeptical.
In addition to my entry criteria, I also plan my "proven correct" criteria.
Only after the trade has met my "proven correct" criteria is it a "go". If
it doesn't meet the criteria within the time frame, I dump it. My research
on the MAE of the tradeable indicates that what goes, goes.
This is not a "stop", but a not "proven correct" exit.
Trade management of "go", including "safety" stops, and other "management"
stops is a different topic.
Let me know how you plan this intermediate stage of your trade plan.
Best wishes
Walter
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