YM Magic!

TheTrue1 said:
CLOSED 20627@20687
Trade 23. +1500
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What I don't understand is why your profit targets and stops keep fluctuating on the close.

Like the above trade. You said your profit target was 30 tics, but you closed the trade at 60 tics profit.
 
Overnight said:
What I don't understand is why your profit targets and stops keep fluctuating on the close.
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I think that is fine, he has kept his max loss on the stops. Never lost more than 30. Thats the main thing. The profit target can be extended.

However this all a bit futile as its not real money being made and lost.

If he loses at the start of day, down $2000, he continues till he get all his losses back plus tries to make a profit for the day.

There doesnt seem to be a daily loss limit.

But if he nets $1000 of profit after a couple of trades, like today, then he stops for the day. Presumably because he doesnt want to give it back.

So there seems to be a daily profit limit.
 
Last edited:
southall said:
I think that is fine, he has kept his max loss on the stops. Never lost more than 30. Thats the main thing. The profit target can be extended.

However this all a bit futile as its not real money being made and lost.

If he loses at the start of day, down $2000, he continues till he get all his losses back plus tries to make a profit for the day.

There doesnt seem to be a daily loss limit.

But if he nets $1000 of profit after a couple of trades, like today, then he stops for the day. Presumably because he doesnt want to give it back.

So there seems to be a daily profit limit.
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Knowing the position size of each trade would be helpful as well.

P.S. Ahh crap, this is a sim journal? Oi kvetch.
 
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