Quote Originally Posted by Billy View Post
The day’s advised short entry limit at 79.31 is just above our initial robot position stop at 79.23. As a reminder, the IWM robot never exits and enters positions on the same day and always waits for an overnight confirmation. New secondary positions guidelines are for discretionary traders.
The actual stop is shifted upward (relative to the nominal 79.23 stop) when the initial short entry is done at a better (higher) price than the specified limit (77.52). Consequently, due to the no-re-entry-on-same-day rule, there's now a direct link between what price the initial position was entered, to whether secondary trades are bumped a day forward due to the aforementioned rule. That is, depending on whether the initial stop happens to be above or below 79.31. I find this consequence to be rather arbitrary.

Trader D