YM Magic!

Discussion in 'Journals' started by TheTrue1, Mar 7, 2017.

  1. TheTrue1

    TheTrue1

    Long 20627
    Sl30 pt30
     
    #271     Mar 23, 2017
  2. Now you are trading with good entry.. :thumbsup:
     
    #272     Mar 23, 2017
  3. TheTrue1

    TheTrue1

    CLOSED 20627@20687
    Trade 23. +1500
     
    #273     Mar 23, 2017
  4. Overnight

    Overnight

    What I don't understand is why your profit targets and stops keep fluctuating on the close.

    Like the above trade. You said your profit target was 30 tics, but you closed the trade at 60 tics profit.
     
    #274     Mar 23, 2017
  5. southall

    southall

    I think that is fine, he has kept his max loss on the stops. Never lost more than 30. Thats the main thing. The profit target can be extended.

    However this all a bit futile as its not real money being made and lost.

    If he loses at the start of day, down $2000, he continues till he get all his losses back plus tries to make a profit for the day.

    There doesnt seem to be a daily loss limit.

    But if he nets $1000 of profit after a couple of trades, like today, then he stops for the day. Presumably because he doesnt want to give it back.

    So there seems to be a daily profit limit.
     
    Last edited: Mar 23, 2017
    #275     Mar 23, 2017
  6. Overnight

    Overnight

    Knowing the position size of each trade would be helpful as well.

    P.S. Ahh crap, this is a sim journal? Oi kvetch.
     
    #276     Mar 23, 2017
  7. TheTrue1

    TheTrue1

    Long 20658
    Sl30 pt30
     
    #277     Mar 23, 2017
  8. TheTrue1

    TheTrue1

    CLOSED 20658@20658
    TRADE 24. Even
     
    #278     Mar 23, 2017
  9. Overnight

    Overnight

    Loss if you include fees/commish. :-(
     
    #279     Mar 23, 2017
  10. TheTrue1

    TheTrue1

    Long 20638
    Sl30 pt30
     
    #280     Mar 24, 2017