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Shooud you let the profits run OR take smaller profits and increase position size?
- Thread starter Tomaz26
- Start date
I like taking 1/2 off letting winners run other 1/2 or to BE out.
Well I slave to the ES up to an hour, I have worked hard at keeping losing percentages very low, so I can increase volume and get the profits I want. I have the rest of the day to do life. All the years of trading hours and hours. Mostly in all the hours I am programming so to automate my systems, so someone else can watch the trades and I will travel.Just the thing I was looking for, thanks. I will also see through trial and error and last 100 trades if I am leaving too much on the table or if I am actually waiting too long to close the trade. Right now I think I am something in between..
Just the other day I traded the whole day and ended with 130 points profits from 19 trades. 15 winners, 4 small loosers, but at the end of the day the result was the same as if I had just bought the index and closed the trade at the end of the day.. Days like that I ask myself if it is worth watching the price all day, making trades and being nervous. Sometimes it would really make more sense to swing trade and have position open for a few days. Just as you can find low risk entry during the day, you can find low risk entry for swing trading, tight stop for 20-50 points and trying to catch 500 points move.. I am talking German index DAX here..
thanks to all for some very good insides!
I worked hard to get to the point where I no longer need to travel, all I have to do everyday is just trade in my own beautiful home.Well I slave to the ES up to an hour, I have worked hard at keeping losing percentages very low, so I can increase volume and get the profits I want. I have the rest of the day to do life. All the years of trading hours and hours. Mostly in all the hours I am programming so to automate my systems, so someone else can watch the trades and I will travel.
I don't need to travel at all, but lot of places I never been.I worked hard to get to the point where I no longer need to travel, all I have to do everyday is just trade in my own beautiful home.
I could go for maybe a slow boat to China, but my flying days are overI don't need to travel at all, but lot of places I never been.
I spent most of my life glued to screens.I could go for maybe a slow boat to China, but my flying days are over
you didn't miss muchI spent most of my life glued to screens.
This is actually what I learnt after first year of trading and it works real nice. taking the half and moving to breakeven will put us on relax mood as we know there is nothing to lose and concentrate on next entries.I like taking 1/2 off letting winners run other 1/2 or to BE out.