Hi Pkang, Thanks for your post. When I have a losing trade its usually for a lot more than the average of my winning trades. I do not have a set amount for a profit target in most of my trades as I watch the price action and simply try to get as much as the market will offer. I think your correct in that it is a little over 50 cents currently but that amount was a lot lower and has been going up as I have been able to better tune the exits. I am 40 now and started trading when I was 16 and have been on and off many times. I went full time into trading last month. Best of trading to you.
A little bit of a slow day. Two trades and a carryover. Oil moved up to around $120 today causing my UAUA to fall to 15 per share. + 566 for the day / week + 2505 for the month + 41469 for the year
This thread is being moved to the "Weinstein Trading and Fading" thread. the theory behind my trades that really wasnt complete to begin with is on page 25 of this thread. So I decided to start a new thread with the theory on page one and save everyone that wanted to know about it the trouble of having to search for it.