Hold the trade

Jdesey said:
I suffer from a very common problem.. I exit trades too soon. Sure booking profits is great, but I know I can do better. I am profitable, just always looking to improve.

I swing trade options. I think one issue is looking at the charts all day long, even though I will not exit. I think it provokes me to take a profit when there is more room left to go.

anyway,, I am looking for some pointers on how to deal with this.
More...
Initially i was also getting the same either closing trades too early or getting tagged my SL and then watching the markets moving in the same direction i traded.
 
i have also learnt to put extremely tight stops of around one point which are also technically correct and so do not trigger without getting into profit first, unless my rational for the trade was wrong which is how it should be
More...

Padu, Did you mean the 1 point stop is technically correct for your trading model?
My tightest stops are set to 25 points for MNQ. You must be using some type of sophisticated high speed algorithm moving at the speed of light. :wtf:
 
Last edited:
Jdesey said:
I suffer from a very common problem.. I exit trades too soon. Sure booking profits is great, but I know I can do better. I am profitable, just always looking to improve.

I swing trade options. I think one issue is looking at the charts all day long, even though I will not exit. I think it provokes me to take a profit when there is more room left to go.

anyway,, I am looking for some pointers on how to deal with this.
More...

The title of your thread is classic. "hold the trade"

Like "hold my beer", hehe.

Kudos on that. :)
 
  • Like
Reactions: PPC
Why complicate things? Set SL to X and PT to two times X. You can move SL to BE after X open profit is reached.

Study the market to reach 40% win rate. Your avg trade should cover fees and slippage and have something left after that. Add size gradually. Thank me later
 
  • Like
Reactions: PPC
You must log in or register to reply here.
Back
Top