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Yes, I simply realized that I came in a day early.

Ahh! Totally blew my mind that I was still in a position today, didn't realize until about 3 and hten I remembered I didn't put in my sell order, kinda bummed, exited MOC at 2.57, took a bad hit, will have to keep my memory in check next time :( 12/10/03 No Position Equity: $2,339.94...

Closing out my KRY tomorrow, limit at 2.78, no longer like the price action; looks like the correction is over, I had simply jumped on the move a day early.

I cap my profit for a simple reason. I am unable to watch the markets during the day, only take a few peeks every few hours. The moves I am catching are usually correctionary in nature, and tend to last 1 day max usually. I have found that 2% is both small and large enough to catch the majority...

Here's how it plays out for many. When a trade is going their way, greed kicks in and (assuming they have a winning strategy) instead of sticking to their exit rules, they'll either take profit too soon (gives the feeling of accomplishment, even though it was the wrong thing to do) or let a...

Another thing you might want to look at is simplicity of the system. The more complex and more variables, the more likely that it is too closely fit to current market conditions. Also, even though backtesting isnt as important as real-time results, is it as consistent with profits in different...

I've used freetrade for almost a year now, even for day trading their executions aren't too bad.

Still long my KRY from 2.8, down 8 cents right now. 2% profit target is still active. I guess I would like to address the issue of me not sticking to my 5% equity stop that I introduced in my first post. In my oppinion, it is wrong to place stops (and profit targets for that matter) at static...

Yep, you have a point :) I'll continue nevertheless

Was extremely busy all last night and was unable to post an update nor even take a look at my position. It's down a little over 10% right now, but I still like the chart and so I will hold it for at least another day. If I see a close near the low on friday, I will be taking the loss. This is...

Seems like a sound idea, maybe consider adding futures too. Regardless, PM me if this goes somewhere, I'm interested

Haha, I guess you could put it that way. I'm not denying that it IS risky, I'll also add this, when I traded this method with more capital a few months ago, I would have 3-4 trades going at the same time and each would have 10% hard stops in :) The 15% moves in the other direction in ONE DAY are...

Yes but that's a risk I take, I don't like having hard stops intraday; I realize that it can bite me in the ass eventually but it hasn't yet and it's something I'm willing to accept

I have clearly defined risk :) I have a system and I re-analyze my position daily, I have a mental 5% stop

Sounds pretty good, count me in ;D

Filled at open (2.80), too bad I got to comp at 10 because I could've probably taken my 2% (exit is 2.86, the high). Sell @ limit of 2.86 currently in place

Arnie didn't say to stop trading JDSU but rather not to trade the middle of the day, 11ish to 2ish

My pick for 12/3 is KRY. Entering limit at 2.82, exit is at 2.88 (2% as usual) BUY 903 shares of KRY, Crystallex Intl at LIMIT of 2.82 DAY

Got to the computer at around 10 AM, noticed that the low was at 5.02 (my entry) but I didn't get a fill so I entered at market (5.05 at that time) and left my 2% profit target on... 910232466 Sell 497 EMKR Limit at 5.15, GTC Partially Filled:Filled 910232466-P1 Sell 497 EMKR Limit...

Yes, it is true that especially in swing trades with a good entry, they usually do come back (I swing trade and I see it happen all the time) but think about it in terms of profit over time; the longer you're in a losing trade, not only are you taking on a lot more risk then you need, but you...