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On re-entering a trade after stop-out in crude futures
I've been trying to refine my entries and exits on $CL_F. What's the general consensus on re-entering a position, especially after a stop-out at a key level, if the price action then strongly reverses back into your original intended direction? Do most of you typically wait for a new setup, or is there a case for re-evaluating the prior entry logic for a quick re-entry?
2 comments · 13 points
This is a great question. I've been wrestling with this myself. Is the re-entry usually at a worse price, or sometimes does the bounce back offer an even better entry point if you catch it quickly?