thank you, nihaba.
btw - how many ES-pts. is your initial stop?
if you are in a profitable trade (say - 5 pts. or more) - would you rather widen or tighten your stop?
this (excerpt of an) article comes up with some interesting points according to what has been posted here. it is taken from linda b. raschkes old website :
"
The S&P market is a trading arena unto itself, which can accommodate many different trading styles. Not only does this market display...
you could also say that if you stay at home and trade - you "only" risk your money.
but if you get in your car and drive to work - you have to risk your life every day.
as long as you don't get that "can't lose" feeling. what if you're up pretty nice after several winners - and your next one is a loser? will you quit - or will you push?
the hardest thing i guess is not being biased form a prev. trade. or prev. day.
i guess it is not such a bad idea - but only if you also have a fixed daily stop loss. please let me add that if you are already up a good amount - you shouldn't let it all slip away with only one additional trade.
good luck to everybody.
he wants to be able to move the markets with a few words just like uncle greeny does. right now he just manages the job on the downside - be patient ...
40yotrader,
AAA already mentioned the econ. reports. here are a few links were you can take notice of the specific times (choose the one you like best):
http://biz.yahoo.com/c/e.html
http://www.briefing.com/FreeServices/fs_markcal.htm...
in the public opinion investing is something noble - while trading is considered as gambling.
in reality most investors are gamblers - and only few really know what they want and how to reach it - and the same is valid for trading.
so the difference lies in the image solely - imho.