Will it work today?

M

michael21

I have a system that doesn't matter if market is up or down it'll work....

Here is the thing...using hypothetical numbers, I find 5-7 point moves
and try to grab 4-5 points...The problem is that yesterday the usual moves were only 1-2 points so I either scratched or lost a few ticks...

Today I was nervous that would happen again ad grabbed a few ticks here and there....looking back the day would've been perfect to get the 5-7 points so what do I do?


Any advice is appreciated unless it's EMG.
 
Quote from michael21:

Any advice is appreciated unless it's EMG.
More...

Hahaha.

Instead of thinking in ticks/points, you could try to manage the position size in terms of percentage/volatility. Would that help and is that possible within your system?
 
You have a plan that you follow knowing it will work positively OVER TIME. If you keep reacting to each day's action and changing your plan, you'll chase your tail until you dig a hole just deep enough for your capital to be sucked into.

I have trading plan where I won't accept a profit less than X on a trade. There may be a period of time while I'm trading where I scratch several trades in a row because they never meet my minimum target. If I start scalping profits at a lesser level, then I condition myself to cut winners short and ruin my edge.
 
Quote from michael21:

I have a system that doesn't matter if market is up or down it'll work....

Here is the thing...using hypothetical numbers, I find 5-7 point moves
and try to grab 4-5 points...The problem is that yesterday the usual moves were only 1-2 points so I either scratched or lost a few ticks...

Today I was nervous that would happen again ad grabbed a few ticks here and there....looking back the day would've been perfect to get the 5-7 points so what do I do?


Any advice is appreciated unless it's EMG.
More...



Its YOUR system and you're asking US what to do?

Another live one.

And as expected backs the wrong horse - meaning what?

As the DISEASE he cuts access to the CURE, EMG. :D :D :D
 
Quote from shortie:

98% Traders Lose
















THEY JUST LOSE!
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Say what? Just a few weeks ago it stood at 95%. Man has it gotten that bad so fast? 3% point increase in a few weeks? :D :D
 
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