Depending on how much more than 10 points I'd say I'm a bit puzzled as that's not exactly what I'd call a low risk entry and also seems to contradict your statement about how a trade should go in your favour very quickly after getting filled. Of course - it's possible that your stops are simply disaster stops and that if you're early now and then you'll trade like a 'market maker' building up some inventory as your experience tells you with high probability that you'll at least get out for a scratch. Something you're able to do because your initial risk on every trade is very low anyhow. If you know what you're doing and have some discipline - the market maker way of trading can work well, but it is of course not entirely without risk as one of those days you'll get caught on the wrong side of the market when it actually tanks. Unless you can actually take that loss. Quite possible! I have wondered if a simple solution for myself would be to simply allow for more inexactitude in my trading. Tight stops are great if your entries are consistently great. If not - it's a quick way to add up small losses which requires a big winner just to get even. Hell, you could even reverse engineer that for multiple small profits all day long which does add up. But if I reduced position size and traded with less precision, but still skillfully and with knowledge, I should be able to do well. Maybe not excellent, but well at least. PS: I generally use 10 point stops on day trade entries these days, but try to limit my losses around 5 points at most.
let us look at the Land of The Leprechauns! the Germans screwed the Irish not only with the senior debt..but also the junior debt..why the Irish allowed this to happen is not understood..but..as the leader of the government at the time was a BIFFO..which all the Irish peope know that it means.. "A Big Ignorant Fucker From Offaly" then..it is understandable how it happened!!! Irish tax payers loaded with the highest debt (€41 billion) of ALL the European countries..and guess who loaned the money to the Irish banks!!! now..let us turn to 2019..and the chinese laboratory exercise that went haywire!! payback time..at least in part..and now we have the G7 trying to get a low corporate tax rate agreed..to cover a lot of the DEBT that the smaller countries will not have to repay
no no no..horses for courses..remember!! scalping on the pc is not the same as short term..or even swing trading..on your phone!! you can not perfect an entry using your phone..not unless you have it connected to several tablets if you are scalping..then the charts tell you when to get in..and when to get out..you might be in and out many times..but if you don't know what you are doing..then..you will be like a yo yo.. if you don't know WHY you just made..or lost.. some money..then you really should not be trading..i think this is a reasonable assumption..as would any normal thinking person..yes?
you might not realize it..but you have just asked a KEY question..it is ALL about price movement..but..how does one go about identifying low risk trades by watching price move! remember that price only moves because there are either fools clicking a mouse..or..the latest processors executing a fools' thoughts about price movements!
There is only one moment in time in which you can arrive in time. If you are not there, you are either too early or too late.
actually..it can sometimes pay you to be too early..or too late..depending on your interpretation of what opportunity time is now offering..and i am not referring to TPO !
Personally, I am not into taking heat for the sake of taking heat for any particular trade. This board is filled with battalions of heat-takers. All of them rooted in some form of fear. Fear of loss, fear of being wrong (or right), fear of proving others correct, fear of a lack of knowledge, and more. While some might say I have a fear of taking heat, my trading includes methods and techniques so I can adhere to minimal-heat taking... It's me by design making lemonade out of a situation I PREFER not to endure. Time can not be rewound. Opportunity loss is as bad or worse than financial loss. There is only one moment in time when you can arrive in time. One that is active here thinks "time" is his edge. He will be "trading" December contracts later this week (it's rollover time) so he can sustain (and complain about) large drawdowns lasting weeks and months, only to maybe get an exit at BE on some of the bad trades he enters. Still others just don't know how to say or get to NEXT! NEXT! It's extremely freeing (for me)! And it keeps time and opportunities and therefore money, in flow. It's just a trade!