Daytrading

Discussion in 'Strategy Development' started by Bogwaluth, Jun 1, 2006.

  1. So I recently started at a prop firm. Wee....however I am having a slightly difficult time with my strategy. I like to let my trades run, as I am not very fast fingered.

    My style has trend trades and countertrend trades. How do you handle the situation when a you are in a trade and get a reversal signal?

    I really enjoy my method and it works well on a daily time frame, but bringing it over to daytrading has been difficult.

    Should I just wait for my first signal and ride her til stopped out or take the counter trend trade.

    Any thoughts much appreciated.

    B
     
  2. So, when you start your trading day, what is the first entry you take?

    I like to take a quick scalp or break out trade. Then I look for more of my entries.

    What are other useful entries?

    thanks.

    B