Trade For Food

Discussion in 'Journals' started by buddhabless, Mar 9, 2009.

  1. Ok thanks.
     
    #11     Mar 17, 2009
  2. Trade management, profit targets?
     
    #12     Mar 17, 2009
  3. Sorry but I cannot tell you when to exit. If you play 1 contract you would exit differently to a person that play 3 or more. It all depends on your style.
     
    #13     Mar 17, 2009
  4. I guess really what i'm wondering what it takes for you to call the trade a winner?

    if it moves 1 tick off your entry point, is that a win?

    Is it a minimum of two points?
     
    #14     Mar 17, 2009
  5. This is not a scalping system so I would not count 1 or 2 tics as winner. In order for me to count setups as a winner I need it to have at least 1:1 risk to reward ratio from my stop. So for example, ES have 2.5pts stop, I need ES to move 2.5pts to count it as a winner.
     
    #15     Mar 18, 2009
  6. Here is today results. We have 2 winners and 2 losers.
     
    #16     Mar 18, 2009
  7. Hi today we have 3 winners and 2 losers.
     
    #17     Mar 19, 2009