“The stock I am trading with moves within a range leading to multiple loss…”

Feedback in:

I have an intraday trading system based on trend following supertrend indicator on 3 min time frame. But it fails pretty miserably on sloppy days where the stock I am trading with moves within a range leading to multiple loss making trades. So I thought I need to find volatile stocks that doesn’t move into range for a particular day and that day trade on that stock, but haven’t been successful in finding those kind of stocks each day.

P. G.

Two things:

1. That will fail as a strategy guaranteed.
2. That’s not trend following.

The good news? You can leave that strategy.

Filed under Trend Following