ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

I don't use targets on swing and position trades. I did post a target on the daytrade earlier however. Both daytrades were stopped out for 4 and 6 I believe. I'd have to look to see exactly, but it was not significant:)



How can one not have a target ? How do you decide if a trade offers enough opportunity to warrant taking if you don't weigh the monetary risk versus expected minimum reward ?
 
Quote from wave:

Thanks cowf.

Handling success is easy, what maketh the man is how well he deals with his losses... His attitude is most likely by his own election.



I like your thinking Wave, I think we would get along nicely.
 
Quote from volente_00:

How can one not have a target ? How do you decide if a trade offers enough opportunity to warrant taking if you don't weigh the monetary risk versus expected minimum reward ?

The only thing I consider is what I can lose on a trade. Gains will take care of themselves. :)
 
Quote from Buy1Sell2:

The only thing I consider is what I can lose on a trade. Gains will take care of themselves. :)



How do you decide if a trade offers enough opportunity to warrant taking if you don't weigh the monetary risk versus expected minimum reward ?
 
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