Quote Originally Posted by slgerritz View Post
The current price of GDX as I write is $54.76. This is pretty well below the new entry price of$54.86 and getting close to the original stop of $54.34. I am little uncertain here as to what I should do now. Should I wait until the original stop is triggered and sell all or buy more now and ignore the orginal stop and rely on the new stop? How will either effect my odds?
Steve
If you took the original GDX trade, your stop loss might execute today and the trade will be a "wash". It is not because you are close to the past entry that the trade dynamics is the same. It is not! The GDX robot is closer to a short than to a long signal. If a short is not triggered at the close, then the oversold situation could trigger a new long opportunity for tomorrow, with new pivots settings. So, you respect the stops and see tomorrow what the robot's stated direction will be.


Pascal