I didn't do this, but I should have. Today was a good example of doing the 3 to 1 trade. Short on test of the overnight high with a multiple of 3 contracts position, liquidate 2 contracts when the market goes in your favor around 2 points, and then hold on to the last contract in case the market keeps going south. Place your stop on that 1 contract so that the total transaction is profitable in case that last contract gets stopped out for a small loss. Today, the market faded the overnight high, and ended up testing the overnight low.
Charles
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