About a week. I've traded other stuff for awhile though.
ES Journal - 2014
- Thread starter murica
- Start date
About a week. I've traded other stuff for awhile though.
From your trades, I could say you are a beginner. Thats why I asked.
All the best though.
Agreed. The vague, short mantras are usually a dead giveaway also.
I'm not a sophisticated trader that swings a big one. My reasons for a trade are usually very simple, and often on the sperm of the moment. I rely on intuition as well a few basics of TA.
Thanks, i think
Why do you say that?
I have 2 suggestions if you dont mind:
1) Instead of 2 point profit and 2 point loss, go for 10 point profit and 10 point loss or even better 20 point profit and 10 point loss. This will lead to a massive change in your trading style. Currently you are maybe trading 3-6 times in a day, thats like 15-30 trades in a week. If you modify your targets to 10 points, you will be trading for bigger moves maybe 3-7 trades in a week.
2) Bigger profits and stops will allow you to trade in the direction of longer term trend, which will increase your chances of winning.
Everyone learns and has to start somewhere. All the best
I have 2 suggestions if you dont mind:
1) Instead of 2 point profit and 2 point loss, go for 10 point profit and 10 point loss or even better 20 point profit and 10 point loss. This will lead to a massive change in your trading style. Currently you are maybe trading 3-6 times in a day, thats like 15-30 trades in a week. If you modify your targets to 10 points, you will be trading for bigger moves maybe 3-7 trades in a week.
2) Bigger profits and stops will allow you to trade in the direction of longer term trend, which will increase your chances of winning.
Everyone learns and has to start somewhere. All the best
Appreciate the advice.
What's wrong with going for a few points each trade? Why should I stay in a trade thats loosing 8, 9 or 10 pts? If you need an INTRADAY SL that large doesn't that suggest you're premise for the trade is wrong in first place. Shooting for a few pts is a valid style too is it not?
the sperm of the moment.
Lol, seriously? I hope that you say sperm of the moment in public.