IncreaseNow's "Sell/Short" Futures Journal

if you cats were daytrading Gold...how many points in total would you look for per day in total?

 

How many points are you prepared to lose?

 

I really want to start going after 5-10 points...at least 2-3...prepared to lose...well, 1...

 

So I think we are making progress

Rule: I will set my stop 1 point below my entry.

How does that sound?

 

is that a joke?

 

No. No joke.

How do you propose to only lose 1 point ?

 

*crickets* *crickets* *crickets*

 

I think he is still strugging with the concept of risk control.

How to limit losses with using a stop

 

took hard 3.2 mini Gold loss today...DONE with mini-Gold...why?..the bid/ask spread is a BBBBBBBIIIIIIIGGGGGGG as the Grand Canyon...tomorrow...eyes on Sugar, Soybeans and...

 

Hmmm, this is unacceptable. You traded gold last week and had no complaints about the spread.

You'll be breaking your 'pledge' to everyone. Are you sure you want to do that?