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But at the same time you could look at the trades as being separate. The first trade is showing a profit and the trend is showing no signs of changing, so no reason to exit. Now, a second trading opportunity in the same direction as the first trade presents itself, being a setup based on your...

No, no. Study, research, and hard work will enable you to determine that in real time.

I don't think Xela, or any other skilled trader, would do so based on nothing more than today's profits. However, as I mentioned above, if the 2nd trade is based on one of your setups that develops later in the trend, it's based on your plan just as the 1st trade was. And that would not be...

Yeah, just as the kanji you use, Trump and the likes of him, all 固執 that it doesn't exist!

Is it too late to become a daytrader at 30? No. One of the world's greatest traders switched from short term trading to day trading at 52!

Trump?

I agree with Xela. As long as you have a potential entry based on an indication of a continuation of the trend, the trade would be based on sound trading principals, and certainly not just blind gambling.

You have some great emoji. You might want to share the site with Baron. He might find it to be an improvement for ET, if it can be incorporated.

That's one way to put it. But in short, he's lower than whale shit!

Don't have a AMP account. So please fax me a check instead!!:D

@trader99 Meant to add that as I have no idea how you determine a trend and then follow it, the 'methodically' that I mentioned may not apply to your approach.

@AMP_Trading On your Contract Specifications page for Tick/$Value you show: Mini-Nikkei 225 MJNK Osaka - Japan (JPX) ¥100 X Index Value H,M,U,Z 1 / ¥5. However, the Nikkei Mini trades in increments of ￥5 and the value of each tick is￥500.

As speedo said, it sounds as though you are shooting from the hip rather than trading according to a plan. You should be able to follow(not predict)the price movement just as methodically as it moves. And if you don't see how the price movement does move methodically, then additional study would...

Funny!!

Read the trend correctly and the price movement will tell you when to exit. Having a fixed target price is just your idea, and not what the market's actual price movement will be.. And you will too often fail to see, or believe, an exit indication that falls short of your target. Don't make...

But they can't judge how much is too much or too little, which is required so often and can differ case by case. And it's that 'ALMOST' that makes the difference and keeps humans on top!! Buying near the bottom does not require split second timing. If you want to use mathematics, fine. But...

Boy, you sure have no qualms about showing your underwear!! But that's a good sign that you're ready to reorganize yourself and get on the right track. However it sounds as though you plan on doing a major overhaul of yourself. Wouldn't it be easier to start from scratch correctly rather that...

How can a machine do any better than to buy near the bottom and sell near the top, which humans have been doing since the first markets opened? The funds need to fire all the analysts and PhDs, cancel the BB, delete the algos and just hire all the great traders here on ET!!:)

@trader99 Sorry if I'm misunderstanding how you're trading, but it sounds as though you are buying/selling in the direction of the trend at times and also doing so against the trend at others. And rather than entering on reactions, you're entering on moves in the direction of the trend. Or...

Or, maybe, maxinger knows something you don't! His chart shows a very basic indication in TA that is easy to recognize and trade real time.