Chronicles of an Idiot

Quote from Breakout:



You're not listening...lol
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Okay. Moved my stop to 1008.

I also have moved it up to BE now that the trade went in my favor. What is your opinion on this (when you get a minute)
 
Quote from VisionTrader:



Okay. Moved my stop to 1008.

I also have moved it up to BE now that the trade went in my favor. What is your opinion on this (when you get a minute)
More...

Okay...since you went long at 1009, and you had 4 ticks at
risk(1008), now that the market has reached 1011(twice your initial risk) raise your stop to BE and set a profit objective
at 1012 for a 3-1 reward/risk trade.
 
Quote from Breakout:



Okay...since you went long at 1009, and you had 4 ticks at
risk(1008), now that the market has reached 1011(twice your initial risk) raise your stop to BE and set a profit objective
at 1012 for a 3-1 reward/risk trade.
More...

Just for the record, my target was hit at 1011. I saw a sell signal.
 
Quote from VisionTrader:



Just for the record, my target was hit at 1011. I saw a sell signal.
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Okay, that's fine if your initial risk was 4 ticks. Because then you
just got a 2-1 reward/risk trade. Which is okay, but 3-1 would be better.

But, if your initial risk was 8 ticks for a 1-1 reward/risk trade. Then,
that wasn't a good trade. I know it sounds crazy to say making
a hundred bucks wasn't a good trade, but this is a numbers
game. And 1-1 doesn't add up.
 
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