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Maximum stop is 15 points, less if possible. I try to take a partial profit at 20+ pts. and stick with the last contract as long as possible. I also add-on as I get additional entry signals within a trend.... taking partials and trailing a larger position. Ave. points per day this...

Adding on to a position can work very well for a 2 lot and higher trader. Scaling out of a position can also be very effective to reduce risk while holding out for maximum profit. This is how I manage my intra-day trades on the YM and ES: YM short this morning: Sell 2 at 9148, stop...

I won't share my entire business/trading strategy plan, but here the outline that I use: 1. Core Methodology - Statement of purpose 2. Trading day preparation and processing information - including book-keeping activities, real-time data, charts used and their layout...

"I sometimes miss out on trades this way.. especially the good ones.. " I do know of traders who trade 100+ contracts and they don't buy at the bid. These traders buy using limit orders above the market. They also watch the bid/ask volume ratio, waiting until the bid vol. is larger than...