Something simple I read in a no-limit book that applies well to trading (not like I'm any good at either, but I took something from it):
Big bets are for big hands.
Why drive yourselves nuts with this thread? It's always better to close out too soon, you'll suffer alot more holding out in effort to "maximize" gains and seeing open profits go back to 0 . . . or worse.
That's the paradox of trading isn't it? Knowing the rules, and knowing when to break them.
I think you're both right -- you can only break the rules when you completely understand why you are following them in the first place.
Isn't the natural gas market in the same spot, so to speak, with scarcity of storage causing nearby prices to fall sharply versus back months? Correct me if my causality is off.
Your analysis and timing were right on the ball.
But will you hold long yen in isolation even if the dollar rallies against other majors? Looks like it's still holding up well despite everything else (and I mean everything) going down.
Didn't get a chance to post yesterdays, a -1750 or so.
Not good to trade when the wife is in the process of kicking you out. :)
Back up and running just now, so no trades today.
That's always been the question I've had -- how much would you leave in your futures account to trade, relative to what you use? For those already successful and not still on a learning curve, wouldn't it make sense in highly leveragable instruments to just leave a "minimum" amount in one's...