So true
Thanks for the clarification. The advice is much appreciated.
Context specific on every trade - I generally try to maximize my risk to reward ratio and use market structure for stops / targets.
Maybe considering reducing the number of contracts, widening your stop and thinking a little bit bigger picture?
I'm a discretionary trader so automated strategies are not for me.
This is a good point - I think yesterday I was confusing the two. Limitations of a method are not necessarily reflective of limitations of the...
Shorted at 88.75 at the open - took a 2 pt loss. Shorted around 10:30 at 96.50 - scratched it and reversed long at 96.50 with a target of 2101.50...
Excellent - thanks for the great advice everyone!
I'm a non-profitable retail trader who is starting to turn the corner (close to breakeven). How does everyone else seem to deal with losses? I...
If you are making consistent money, who cares what you are trading? We'd all trade tulip bulbs if there was a liquid market for that product....
6/8 Plan - we are opening up near Friday's point of control and didn't have much movement / news overnight, so my expectation is chop at the open....
The things that I still struggle with and prevent me from getting to profitability (this will be updated from time to time as I add items): I am...
I know that I am at my worst from a trading perspective when I have low emotional capital - meaning, I start taking random trades (revenge...
Find an uncorrelated currency and short both against that uncorrelated currency. For example, assume the HKD is not highly correlated to both the...
Good point. You are right.
Yes, I'll stick to trading futures. Interest on the notional is crazy.
I trade off order flow - if I remember correctly, if a 500 lot order crosses with another 500 lot order, then it prints as 500. If it crosses...
Wait - I don't trade Forex, but brokers don't charge interest on the notional value do they? I know that Ninjatrader just started offering Forex...
I had a chance to think about this this weekend and I wanted to share my thoughts. First off, there tends to be price movement at the open and...
Thank you for your feedback. It is good to know that people are making money in these periods.
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