promising setup gapped down then stopped out (about -5%).
CW was a promising setup that gapped down and ultimately stopped out, reinforcing the rule-following exit behavior.
CW is described as setting up well, then gapping and pulling back Friday in a way that triggered the stop. The narrative emphasizes that the loss is acceptable when rules are followed, even if the trade doesn’t make money.
"Weekend Study Session - May 16, 2026"