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I disagree. If your method says to enter based on XYZ, then you enter based on XYZ. We can't say the a setup is not 'valid' if you enter your trade based on the conditions you set. |
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Sure, we can. Your ENTRY may be valid, but based on the faulty premise of your trade setup which may not be valid.
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If your conditions are met, then that's a valid trade regardless if it's the greatest entry point possible. The point I was making was that the protective stop placement is very important, esp at the start of the trade. |
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And the point I was making is that your trade setup might not be valid to begin with, especially if you are always getting stopped out.
Of course, your definition of valid and validity might vary....