Arguments for certain profit targets for Intraday trading.

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@schweiz, I agree with what you are saying, but I think you are being a bit too harsh.
 
schweiz said:
For some small profits taking is better, for some big profits taking is better. All depends on YOUR OWN system and your personality as trader.

Conclusion:
  • it is stupid to ask the question the OP asked, as each response will be based on somebody's own experience, so worthless for OP as he is not trading that system.
  • OP is best placed to answer this question himself, but is apparently too lazy to do extensive testing on HIS OWN system, as that system will have to generate max profits. Or he is paid to start new threads all the time and ran out of inspiration.
  • better answer would be to give the logic behind the system you follow to get max profits, that can then maybe be translated to the OP's system.
I understand that Volpri takes small profits frequently and has good results. If I would do that I would make less money then I do now. I trade less frequently but my average profit per trade is much higher. So he would be nothing with my advice, and I would be nothing with his advice.

There is no good advice that fits for all traders.

A simple hypothetical example: A makes 30% per trade and does 2 trades. B makes 6% and has to do 9 trades for the same final result (before commssion). So it all depends of the various parameters that have an impact in the final result: profit per trade, frequency...
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That's the second time you suggested I'm getting paid to make threads. I am not, I am curious about different things. I don't know what you have against people making threads, but that's your issue.

As I mentioned in the first line of my post, I'm aware that I need to backtest my own strategy. But I want some hear some different approaches because I might resonate with an idea that someone puts out there.
 
Risepoint1879 said:
That's the second time you suggested I'm getting paid to make threads. I am not, I am curious about different things. I don't know what you have against people making threads. Are you jealous of my questions? Can't think of anything else.

As I mentioned in the first line of my post, I'm aware that I need to backtest my own strategy. But I want some hear some different approaches because I might resonate with an idea that someone puts out there.
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Your question does not make sense. Only you can optiomize your trading system as nobody else has any clue about that system.
I am not jealous on you because having many questions means that you still have a lot to learn. If not you would have less questions, but a lot of answers.

You started 33 threads in less then 4 months, not the typical average poster on ET. I think nobody opens new threads on a higher rate than you.

PS: will try to be a bit less harsh.
 
schweiz said:
Your question does not make sense. Only you can optiomize your trading system as nobody else has any clue about that system.
I am not jealous on you because having many questions means that you still have a lot to learn. If not you would have less questions, but a lot of answers.

You started 33 threads in less then 4 months, not the typical average poster on ET. I think nobody opens new threads on a higher rate than you.

PS: will try to be a bit less harsh.
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33 threads is alot, it added up quick.
 
More trades in theory should be more profitable, but add in Extra Comm's cost, same Loss potential, lower profit potential and exposing yourself to more losing trades potentially.

There is no actual answer, too many variables, just do what works for you, I exit position on stall unless really strong market then I try to ride it.
 
Turveyd said:
More trades in theory should be more profitable, but add in Extra Comm's cost, same Loss potential, lower profit potential and exposing yourself to more losing trades potentially.

There is no actual answer, too many variables, just do what works for you, I exit position on stall unless really strong market then I try to ride it.
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Did you catch any nice moves on tariff news?
 
Risepoint1879 said:
Did you catch any nice moves on tariff news?
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No idea, when that was, don't follow news, hell of a strong day mind made 15% area could of easily of made 300%, no way to know it would be so damn strong :( Going Full Time so kinda stressed!!
 
Turveyd said:
No idea, when that was, don't follow news, hell of a strong day mind made 15% area could of easily of made 300%, no way to know it would be so damn strong :( Going Full Time so kinda stressed!!
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I know the struggle of second guessing missed profit.
 
Turveyd said:
Didn't go counter trend and get gambly as I'd missed profit, so all is good :)
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I know exactly what you mean. Counter trend was the most destructive thing I did as an amateur, took me months to stop gambling on the reversal impulsively.
 
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