The one hour stochastic has a way to go yet and the histo has gotten a strong up bar as well. 911/923 ?? This day has the makings of a historically big up day. The over seas markets need something like this coming from US to carry over to their markets. Hopefully we won't do the end of day death dive. Either way Just wishful thinking I do however favor up.
sorry for being a hypocrite and going off subject, but quick money management question. i know having a fixed daily point target may force you to overtrade to reach the goal. and once you do reach your goal, you might leave opportunties. but look at this way, once you are up quite a bit, it is natural to go for more thereby taking more risk. risking points that you have already made. A lot of times, I end up giving 40-50% away, and with my contract size(15-20), i am thinking about sticking to a 10 point target. almost all days of the week, i reach 17-20 points and then end up giving it away in order to get more. once I do reach 7-8 points, i cut down on size to get more points/contract to reach the original 10 point target therby taking less risk. i know a lot of you might not agree, please attack. PS. Not looking for approval, just arguments against it that might be superior to mine.
I trade the reverse. I cut my size down on losing days and size up while im winning. I dont care if I end the day BE. But the days I win, like today, I win huge.
Opinions are like... I do not vary size by performance. I trade the same way every time. I find emotions creep in when I increase size due to a winning streak. I am content with just winning. Take the money and go home. I am sure this is not the most profitable way to go, but for me it is the most consistent.
Last wedgie I gave was to girls we split a motel room with, Ft Lauderdale, 198#. Ah, wonderful memories. Yes, that was before I got married...