Daily goal

Discussion in 'Index Futures' started by John9999, Jan 31, 2018.

  1. Overnight

    Overnight

    You need to free your mind. Stop focusing on the front month. You are trading futures, so look into the FUTURE.

    I am a bit down on my technique this current cycle, because I should be scaling into September, not March. Oops. I may take a hit on this current swing, but we shall see. The foundation is still there for a long outlook.

    Today was a great example though of looking for certain profit points, in NQ. The thing has a 90 point range. Surely when that 90-point range was hit, going long for 20 points would yield profit, yes? I was long at top of range unfortunately for today because I have a different metric in mind, not an intra-day scale of things, but longer-term, so I sit on hands and suffer for a bit.

    If I can get out of the March contracts with profit I will be shifting my attention to Sep and Dec contracts, because I trade the FUTURE! Wheee!
     
    #11     Feb 1, 2018
  2. John9999

    John9999

    Thankyou everyone for your input. I need to have a stop for myself and my personality.

    Today is a good example... I traded from 6:30 AM - 9:30 AM PST and hit 53 Points profit, trading 2 NQ contracts and stopped for the day. Had I continued I would have take additional trades and ended up losing 16 points net. At one point I would have been -48 points. So, for me this works. May not be for you. But that is the great thing about this business, we can approach it any way we want.

    happy trading to all
     
    #12     Feb 1, 2018