Need Advice

[murray t turtle]

Did you make a killing in today's shock market, Xela...enough to buy fancy European label alligator boots,

I love alligator. and ostrich. and stingray. and elephant. and there's even a fish variety. -- i love all exotic skins, except for snake.
Animals and humans, hunter and prey, night and day, the internal war against doing good and evil, earthquakes and volcanos building support/resitance...the market is truly part art, part science.

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Elephant boots sound fun; you can always hear an elephant coming LOL.Goose down vest is a real warm deal.Kangaroo key holder is a good idea, 2.

 

[TreeFrogTrader]

Yes it's faster but as a day trader I can tell you it's doable. Most execution platforms these days have an automatic trade management function where as your entry is triggered, it automatically enters your predefined stop and target. You can manually move the stop toward your desired direction and target away but one click and you're in with exit parameters in place....and yes, trading can be a vehicle of self elevation. All the best.

Are you mostly using a set stop or a trailing stop?

 

[speedo]

And who can blame it?

HaHaHa

 

[speedo]

Are you mostly using a set stop or a trailing stop?

I will trail under/over pivots as they form but have a fixed target based on average MFE

 

[TreeFrogTrader]

I will trail under/over pivots as they form but have a fixed target based on average MFE

In general, what are you using for a profit target to stop loss ratio? If you can share, if not, that is fine.

 

[speedo]

In general, what are you using for a profit target to stop loss ratio? If you can share, if not, that is fine.

No problem, on the NQ it's 20 tick target and 12 tick max stop which averages slightly above 10. There is nothing that I do that is the answer to life but it works for me and that's all I care about.

 

[TreeFrogTrader]

No problem, on the NQ it's 20 tick target and 12 tick max stop which averages slightly above 10. There is nothing that I do that is the answer to life but it works for me and that's all I care about.

Very good. Thank you indeed.

 

[Overnight]

No problem, on the NQ it's 20 tick target and 12 tick max stop which averages slightly above 10. There is nothing that I do that is the answer to life but it works for me and that's all I care about.

Considering the great volatility the thing has been having for the past year, would you considering doubling both the stop and target?

I have really been eying that damned NQ and am seeing certain patterns that are going way beyond 20 ticks. Off the top of my head I am seeing double on all of that during intraday. Especially when it has a 40-50 point range! Just need to be more sure of entry. God, I hate and love NQ at same time lol.

 

[speedo]

Considering the great volatility the thing has been having for the past year, would you considering doubling both the stop and target?

I have really been eying that damned NQ and am seeing certain patterns that are going way beyond 20 ticks. Off the top of my head I am seeing double on all of that during intraday. Especially when it has a 40-50 point range! Just need to be more sure of entry. God, I hate and love NQ at same time lol.

I share your love and hate with the thing. Patience is key as when it's good, it's real good, staying out of congestion is easier some days than others. Most extended runs give multiple entries. When they don't, they don't....doesn't bother me anymore. My trade plan works but it isn't hard wired. I do like the targets (whatever the ideal number of ticks) as it keeps things simple.

 

[Neuroway]

Did you make a killing in today's shock market, Xela...enough to buy fancy European label alligator boots,

Yikes... European, eh? Really? This stuff is gross and has zero class. I say it's US made. I do very much prefer Louboutin indeed. Personal choice, of course...