So I have a question for all of you. Are you guys more swing trading the larger swings in the /ES or just scalping for small gains? I have just been making alot of quick scalps. It seams like I get scared out quickly but I know I make to many trades in a day. So do most of you make small 1 - 2 tick scalps or hold out for the bigger 5-7 tick swings and make less trades? Thanks.
<i>"So do most of you make small 1 - 2 tick scalps or hold out for the bigger 5-7 tick swings and make less trades? Thanks."</i> Replace the term = thought of "ticks" with "points(handles)" and then you'll quickly graduate to professional trader mindset. Trading for ticks is something people always do before they realize what it takes to grow an account balance in real-time with real dollars at work. Common word there is "reality" Learn to target the 4pt ~ 12pt or even 20pt ES swing moves, and watch the $$$ pile up in your account. With intraday ranges of 40, 50 and 90 points ES here, who in their right mind would even consider several ticks' result a successful trade?
Thanks, I am pretty new to emini trading. So you wait for more "higher probability" setups for the larger 4-12point moves and play those instead of many small dashes. One of my biggest problems would be watching profits go back down on a trade. I have an ichy trigger finger Thanks for you advice. I will try it out tomorrow.
<i>"One of my biggest problems would be watching profits go back down on a trade. I have an ichy trigger finger "</i> Learning to control that and 1,000 other human-nature "itches" is the difference between gambling and purposeful trading as a professional business operation. Welcome to the true learning curve... it's a never-ending journey for all!
Please stay out of this PA journal, unless you can contribute to the overall enhancement of lagg-less PA trading. We do not need any negativity here, we are all trying to improve and help others along the way. Thanks,
Please do keep us updated Anek, it seems like an interesting idea... Glad your still around the forums here and there.... Good trading, -monday
I am sitting here this Sunday evening catching up on what I missed last week (I was out of town). Just have to say that it is nice to see so much activity in the journal. Hope everyone had a good week. See you all in the chat room tomorrow morning. BYF
THanks for the response. I also have been away from the computer (traveling) and havent been around the thread. got a lot of catching up to do, when I get back? oh, and Anek.. you Alliance or Horde? What server?