ES Journal - 2023/2024

Laissez Faire said:
There was an interview with a Hedge Fund Market Wizard who would always stop himself out of profitable plays by using too tight stops and one of the things he had to come to terms with was that if he wanted to play he needed to be willing to accept the required risk on a trade.

I recognized myself in that interview as in the past I would all too quickly B/E a trade and get stopped out of what would have been a profitable trade if I stayed the course.

I don't know what your personal situation is, but putting it at B/E as soon as you're a few ticks in profit generally doesn't work on ES.
More...
I generally trade ES watching 2 TF. One is very short, 100-500 ticks and the other is 5 minutes. I find the short TF fascinating to watch. I enter using the short one maybe I should base my SL on the longer one.
 
You must log in or register to reply here.
Back
Top