Two traders debate live trade management: when to exit with zero loss on a failed auction, whether to re-enter if price returns to your original entry, and how raising aggression helps you cover breakeven ticks and build profit. They risk $700 to make $3,000.
So now I have two scenarios. Either it's a failed auction and I lose zero money to monetize it, even if it shoots up and I make $3,000 risking $700.
Now, my argument to that would be, what if the market pulls back to where you originally entered and it still validates your real reason for entering to begin with? Would you then look for a re-entry? No, if it's invalidated, no, I will not look for re-entry.
Like, and every time I have an aggression, I raise my level. First of all, to avoid a squeeze. Second of all, to pay with breakeven plus 2, 3, 4 ticks for all the breakeven I take during the day. So you see, we took breakeven, but we are building $740.
Yeah. So, but my argument to that would be if the market pulls back and moves to the same price where essentially you entered at and you're seeing the same confirmation at where you entered at originally, you'll re-enter. Yeah. Because some of my best trades are exactly what you do right there and I'll re-enter, but maybe I'm just a little too early to it.
This one I will definitely give back money to the market on this one. So it was, and you know what I don't like, Carmine? If we had an acceptance and aggression above this one, I will still consider a long. Right. And as you can see, sellers are taking aggressive—
It's a balanced day. So we can't really
