Trading on "Instynct" (NQ)
- Thread starter Instynct
- Start date
I was hoping for a continuation past hod, but not much action so far, so I am calling it a day. Meeting coming up shortly. Working 2 jobs is a pain!
Instynct, This should show.
Good afternoon traders!
Bought 2329.50
ps i'll do fewtrades while my currency positions percolate.
Bought 2329.50
ps i'll do fewtrades while my currency positions percolate.
out2329.50
It is very hard to do, at least for me. Think of what the outcomes of a trade might be.
1. big loss
2. medium loss
3. small loss
4. break even
5. small win
6. medium win
7. big win
With proper entry and stop management you can eliminate 1 and 2.
Your goal is #7 or what the market will give you, and you never know how far it will go. So you set your goal as #7, but settle for a #5 or #6 if mkt says that is all I have to give you for now.
You will never get 10 points if you bail at 2 points.
Think you what you said, mkt had consolidations. Why exit on a consolidation? I am not one to be offering any advice, just sharing my thoughts. FWIW.
1. big loss
2. medium loss
3. small loss
4. break even
5. small win
6. medium win
7. big win
With proper entry and stop management you can eliminate 1 and 2.
Your goal is #7 or what the market will give you, and you never know how far it will go. So you set your goal as #7, but settle for a #5 or #6 if mkt says that is all I have to give you for now.
You will never get 10 points if you bail at 2 points.
Think you what you said, mkt had consolidations. Why exit on a consolidation? I am not one to be offering any advice, just sharing my thoughts. FWIW.