Nice trade!
Chronicles of the NQ
- Thread starter Instynct
- Start date
Yes.. was to be a swing-trade though. Watching ticks during the day and making rational decisions only for the 5% gifted day-traders of which I am not one. Trouble I have always had is watching ticks changes the trade objective in my mind.
Your handling is great in that you have other accounts that are not day-traded... Day-trading is NOT recommended for most mortals.
Your handling is great in that you have other accounts that are not day-traded... Day-trading is NOT recommended for most mortals.
I'm not an expert at all but holding overnight for swings is to stressful for me. I prefer 10 point targets during the day
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One of the best traders I have seen here, Lescor said he puts in his orders in the morning and leaves as price movement has a way of pressing emotional buttons. Ultimately every trade is a "swing" but the trader has to avoid being swayed from the initial objective. Price movement irritates me likely due to calculating $$$ subconsciously.. Any trader that suffers this must avoid watching as I know of no method to remove fear.
Yes it is!.. Ultimately each trader needs to know which part of his/her personality CANNOT change and find the necessary means to resolve other than just willpower. Once ego is set aside change can happen... Resorting to what Lescor does is not failure but doing whatever is needed to be successful, which is why I think we play this game..
Assuming you entered short somewhere in the 4360's, 20+ handles per contract is pretty good! You're doing great, play to your strengths my friend.
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