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I guess it depends on the trader, but I would say just the opposite. Set a target for your profits. For example, if you're risking a $100 on a trade and the market gives you $300 back, (3-1 ratio) take it, and then start looking for another trade. Every long isn't going to the moon...

I'm not avatar, and I'm not scrutch...lol Now, I won't deny I have multiple personalities, well, actually one doesn't count because he's just a dog, I think that counts, you can't type when I'm typing , leave him alone...stop it! but I don't have mutiple monikers here on elite!...hehe

Hehe...I'm just joking with you dude. I'm nobody. I thought I knew spanish a little bit, but I can't make it out. I'm not sure what "chapeador" is or "papafrita"...lol Oh well, anyway,Hasta luego!

I'm not sure what it is...hehe. Seems like I got it from one of those Omega Research magazines. There was an interview with Walt Bressert and he gave the ELA code in the interview. You could probably tinker around with the 5, and smooth it out a little bit. But, I liked it.

I don't use tradestation anymore, but when I did, I liked using these settings for my RSI. Plot 1=Average (rsi(c,3),3) Plot 2=Average (average(rsi(c,3),3),5) Plot 3= 30 Plot 4= 70

What do you mean, Who's Breakout!!! People all over the world know me. Just say my name, and peoples heads snap. Just telling people you know me brings you instant recognition! Who's Breakout?...boy, some people.

I cain't hep it...I gotta have rules...hehe

I'm up for the day, but I missed 2 good setups by 1 damn tick...lol

Check him out!...hehe

Interesting link...the "cumulative equity" graph kind of bothers me though. According to the graph, the 1st 111 trades averaged about $360 profit per trade(-commish=$311). But, the next 130 trades only averaged $77 profit per trade(-commish=$27) I wonder why the first 111 trades...

Here's a pretty interesting site about the pros and cons of different OS's.

Okay...so there's a little subjectivity. Yea, I know what you're saying. I'm about 75% rules and 25% feelings, too. :D

Okay...question. Counting the top hammer as bar #1. I see where the 5th bar is an inside, so you don't use the high as a trailing stop. But, the 10th bar isn't an inside, but you didn't use the high of that bar as a stop. Just curious...

Oh, okay...cool. Great trade! Was that a signal to short from an oscillator or was that a candlestick hammer? Or, just a break of support, maybe?

You're not saying you went "long" at 88.75, and your stop loss was 82.50 are you?

LOL...wow you're fast! I made a mistake on that trade. I posted it as a 4-1 profit, but it wasn't. Actually, I took my profit to quick. And it was a "fade" entry which only confuses things for this thread. Yes, it is the 8-3-3 stoch. Here it is again, but just ignore it...hehe

Probably, just a temporary technical difficulty.

Yea, I noticed that, too. Must be a glitch...lol