normally I use a four tick stop and four tick target. That's one reason that I shouldn't be trading at this hour. It works much better during the slow hours.
qlai, thanks for the heads-up on the style. This is my first day trying this and have a lot to learn. It hasn't been quite as bad as it has looked. I'm still up a little on the day but I wanted to post only the trades that I called out in advance.
First couple hours of day session, 4 ticks just too tight, some entries can work well on it, but same entry might go 6-7 ticks and turn around and become a profitable trade whereas one is on sidelines with more to recover. I think over all, public journals can do more harm than good doing real time, just too much added stress. and get more concerned of typing the new trades and less time of watching the trade I believe is foolish. MHO Think end of day recaps be better so at time of trade, one is fully engaged in the trade and not writing about it. I do wish you well.
I think you're absolutely right. That's why I usually avoid the first two hours. And, about the added stress, I thought of that too. It may not be worth it.