2-Try Rule
Guideline Or Rule, Your Trading Is Up To You
Last updated
Guideline Or Rule, Your Trading Is Up To You
Last updated
The 2-Try Rule is a name for an optional concept that states that you may potentially re-enter a trade that has triggered your stop loss. You may consider a +1 contract increase in position size of the first attempt.
+1 contract is the minimum. You may choose to increase the number of contracts based on other factors such as your experience, current trade count, or your account size etc, at your own risk and sole discretion.
The second try trade does not count as an additional trade on the Trade Tracker.
Ideally, there would be more factors of confluence on the second try, such as FlowMaster™ AudioBox, Delta Flush or a Cluster Reversal etc.
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