Hubert Senters here.
Let’s take a look at a question I got from a viewer, Jeff K asks. I like your bracket trade strategy very much but I have a question. Assuming neither the target nor the stop is reached how long after entry do you give the trade before bailing? That’s a good question.
It kind of all depends and I wanted to initially move in my direction within the first 21 days. If it hasn’t done something in the past 20 days for me I’ll just usually cut it loose. Now it may be different for you. You may well say hey, I will give this thing three days. I will give it a week, two weeks. It’s really kind of a personal question.
But usually, I’ll give it a max of about 21 days and if that I mean there’s so many bracket trades out there that you can take advantage of that I’ll move on to the next trade. But 21 days is use of the max and I give it sometimes a little more, sometimes a little less depending on how high the bidet is which is just a sexy way of saying how wild how wide and aggressive the range is for that particular thing.
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Good luck. Hope it helps. See you in the next video.