Quote from Piscuy:
I do not use OCO orders, after a while you get an idea of where its going to go. I usually move the mouse from one value to the other on the matrix and when it gets close I send the order. I always enter on limit and Exit on market. In terms of money management why dont we do it the other way around, lets see what your ideas on money management are and we can discuss them. I belive you will learn more this way than if i just posted my trades.
I am mostly a scalper but some days I wake up in a swing trading mood, when Im swinging I do pay attention to a higher time frame chart. When im scalping I usually dont do so. I have less time to be playing around with two charts. Yes, I do watch the tape, how fast it moves and the type of orders that go thru are valuable information.
P.
You are right, discussing Money Management should be the best way. I believe 'forcing' people to take a bit of responsability on forums to show some work themselves is absolutely healty.
My suggestion on this topic:
Funds: $10.000
Size: 2 NQ contracts
Max. Stop: 4 points (1000 volume chart)
Scaling out on a discretionary base with price action and tape.
Is that too superficial?
Btw, you use Tradestation as your broker? Are you happy with them?