I’m sure it was difficult for most traders to hold on to the position long
enough for the full ride, although the opportunity existed. This decline was
obviously way more than the initial downside target for the trade setup.
The initial target would have been 1.272 of the swing into the high, which
was 27 points. If you multiply 27 1.272, 34 and change comes up as the
initial target. If you exited that trade at the initial target, you left quite a bit
of cash on the table. This is the reason why you want to trade multiple contracts
and leave a portion on to let the trade run for you.