I realise that many take whatever the market will offer, but nevertheless what level would you say your average profits are as a fraction of the daily range on the markets that you have traded in the past 6-12 months. Disregard breakeven or close to breakeven trades in this equation. Choose 1 of the following. less than 5%, 5%, 10%, 20%, 30%, 50%, 100%, 101%+.
Ok guys, It seems there are three groups here: The scalpers who go for 5-10 % The swingers who go for 100% or more And the in betweeners who average between these two. BUT, looking at preliminary votes - it seems the small and consistant mentality is ahead. People want to have multiple trades in the day to keep it interesting. Personally I am leaning towards a blend of the two approaches, the moves that I look for should go for a bit. I want to be in the market as often as I can be but to catch moves that go for 30% of Daily ATR. But thats just my mindset and all three methods are equally good in my opinion - as i have traded with all three mindsets in the past. I worshipped the scalping gods I made offerings to the swinging dieties Now I surrender to the Lotus feet of the Intraday day Swing Guru.