Thank you very much Mr Weinstein, I don't think anything about being in a trade could be called boring, I don't think there is a trader in the world who does not enjoy, at least the slightest bit, hitting the enter button on a trade. The reason I let my trades go to either stop or target is I know my own personal mental makeup. If I start to "tweak" targets by a few cents on one trade, what will stop me from "tweaking" my next trade by just alittle more...and so on. I will move my stops to B/E when I am close to a target, and the few times when I do go for a multi point move on a position I will lock in a $1.00 gain per share when I'm close to target. But you do bring up an excellent point. I found out in early years that I over traded BECAUSE of boredom. You sit in front of the computer and you have no postions open, so you just take a trade to be in a trade. This is what caused me to create my plan to ONLY trade 4 patterns. I need to be very disiplined with myself in trading. If I do not have very strict entry and exit strategies I will stray and become a losing trader. So, when I do actually find a pattern I like I know it met my very strict criteria and I want to give the trade every chance I can to do what I think it should do. I don't want my mental stupidity to take me out of a trade because I "feel" like the trade isn't working. I am not good enough (or smart enough) to out guess my trades once I am in. Here are my totals,as of 3/27: Week ending 03/27/09: Total P/L +3,089.49 21 Trades 12 wins 9 losses YTD Total: P/L +12,847.98 71 wins 68 losses 8 b/e win % 51.1 R/R ratio 1.82 I am roughly 1/3 of the way to my target. I know this looks like one of your DAILY P/L totals Mr Weinstein (who invited one of the heavy hitters on to this thread anyway....hehehe), but for what I was trying to accomplish(12k each quarter) I am alittle ahead. Hope that answers your question. Thanks for stopping by, your welcomed in anytime!Good trading to you Mr Weinstein.-G
04/2/09: The indexes are gapping up today and may run with that move. I will be in scalp mode, looking for both long and shorts. I think everyone will be looking to short the open, I'll probably see how deep the 1st pullback is and look for a long. If we move higher throughout the day I will look for an entry on FAZ long, due to the banks getting into some major resistance areas. Does not look like an easy day to predict though. Good trading all!