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Here is a classic example how real trading is different from "studies". On March 2 2:30pm we entered CPB straddle: The price was 3.05 or 6.5% RV. We based our entry on the RV chart: We exited the trade on March 3 10:05am for $3.45 credit, 13.1% gain EOD price on March 2 was 3.40 and EOD price on March 3 was 2.95. The study using EOD prices would show 13.2% LOSS while our real trade was closed for 13.1% GAIN. Two points that contributed to the difference: Based on historical RV charts, we would not even be entering this trade at 3.40. On the last day, we did not wait till the EOD and closed the trade in the morning. This is just one example how a "study" can show dramatically different results from real trading.