Excellent opportunities this morning... Booked solid gain on 13 trades. Still holding 1/2 position SPXL swingtrade from Friday. Hopefully we'll see 1945 this week.
Welcome to the thread Simple! My advice... Try trading live with 1 contract. If your heart rate increases after you enter the position then you're not ready for prime yet. How did you arrive at the $500 profit objective? That's 2 pts avg per day... rather ambitious goal for an aspiring trader. Setting profit objectives can be counter productive, it may force you to trade even though there may not be good opportunities. If you still insist on daily goal, then averaging 2-4 ticks profit per day initially would be more appropriate.
Stopped on remainder slightly below b/e at 71.97. Even though the trade didn't pan out I still booked some profit.
Thank you, Yes, I only trade one contract with the ES. This is where I need help from you all in reaching my goals. First, I will not stop trading paper until I am consistence in what I am doing. I have traded live before and was undisciplined and was not sure of my method, I donât want to go back til I am sure. What should my goals be trading paper? $500 weekly goals come from wanting $500 per week. Should it be less (2pts, 3pts, â¦..5pts)? Maybe I should start my own journal My goals 1 contract 4pts per trade per day. 2-3 trades per day max loss per trade -2pts risk:reward 1:2 max loss per day -4pts