Discussion in 'Index Futures' started by sammybea, Dec 29, 2002.
I am happy with just green.. but wondering what are your daily targets on an average day.
I do have targets for my systems, but I also have stop-losses. I think the latter are more important. My targets are: 6 (first) 8 or 9 (second), and whatever I get with an MOC unless the stop-loss of 6 pts is triggered first.
My targets are not static. My target will increase with every bar (in an up move) because I am trading Gann squares. However, on the 5 minute time frame, the target is usually about 8 points.
When the day closes.
The only target I have to trade according to my plan... I don't much care if that produces a red day or a green day, cos in the long-run I am green...
the actual target in points differs a lot for various trading styles. If one scalps like 20 contracts each time he might be pleased with 2 points. Nevertheless a trend trader trading smaller size will take trades on longer timeframes and will probably hope for anything >8
i trade 5 contracts and am very very happy when i can get +2 POINTS on a trade but will quite often exit with only 1.5 points
i meant for a scalper in total not per trade
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