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Check this out... intial risk 116, profit so far= 3350.

I figure the R:R ratio is there... but I'd like to have a fixed trade management system. I think it would help to have no emotions involved whatsoever. Just wait for the signal, place the trade, set stops and targets, and let the trade play out. As you can see this is a longer term system...

Hmmm... would that be me?? haha Miss ya on Paltalk bro!!!

Here is the pic...

Ok guys, I am posting a picture of the trades that my newfound system generates. The thing is, I'm having trouble figuring out the best money management technique that will reduce risk quickly, and allow me to maximize profit taking. Majority of the time (80-90%), my position will travel "at...

I see lots of people who shoot for the 1:3 Risk to Reward Ratio. I completely agree that it's key to keep your winners sizably larger than your losers. That's not necessarily what I need help with. I'm wondering which money management method would allow me to lessen losses while maximizing...

Hey Guys, Just wondering if anyone could recommend a good trade management methodology... For example: I buy 1000 shares of stock at 50.00 I know my initial stop is 49.50 Risk= .50 What is the best way to manage this trade so that I ensure a good R:R, and also maximize...

Cool. I'll look into that. Will they be compatible with an older Dell?

Hey guys, I am looking to purchase a computer that will allow me to run 3 monitors for trading. My trading style is NOT scalping, so I don't necessarily need insane speed. Basically, I need a stable computer that won't freeze up on me while running multiple charting programs, etc. I've been...

My favorite trading book is Trading in the Zone, by Mark Douglas. It deals mostly with the psychological side of trading. I would highly recommend it. Make sure you read it a couple times, as you'll discover something new every time it's read...

You still plan on posting that video tonight?

I'd like to put my vote in for Paltalk. It's a great way to use voice and text chat, and also allows files (ie:charts, etc) to be shared easily.

Can you explain how you determine your targets and stops?

Hey, I'm right down the street from you guys... in Westwood. Would you mind sending me some info on the firm? Starting costs, process, mentoring, etc? Thanks!!

What do you mean "it's spiral"? Could you post a picture to help explain.

Has anyone ever thought about viewing your charts from a vertical perspective, vice horizontal? I haven't really looked into it too much, but it could show us something that we haven't been seeing. I don't know... just wanted to get some opinions.

No, by all means. Lets keep discussing this. It's what I need to help me decide how I can finally learn price action. I appreciate all the generous responses thus far.

Funny that you say that. I think I'm in the "range bar" phase right now. It's easier to see movement, vice all the long consolidation and periods of no movement. Maybe I'm looking in the wrong direction. I don't see why time is neccesarily a factor. It's all about "price action" and stock movement.

Now I'm all confused. Some traders use minute bars, others use volume bars. I feel that both sides have their perks, but I'd like to use whichever is more effective in learning Price Action.

Hey ProfLogic, were those actual trades you took today, or just trades that you would have taken looking back on the fact? Seems like they would have been quite profitable. I'm just trying to figure out why you entered where you did.