Yep. It's so easy to think of trading as the easy road to riches. But as majority of people find out, it's not. This is a business that needs to...
No porn!!!! Dang! haha Thanks for the great response. Like I said in my last post, I've stared at tons of charts, but never looked into why price...
Great responses so far guys!! It's becoming more and more clear that this has been a major hinderance in my trading. In a way, I think it is my...
So, I've been at this trading game for quite some time now... yet to be consistently profitable. Within the past 6 months I have come to realize...
Awesome Trade!!! You called it spot on. Just wondering if you could post a chart or detailed explanation of what you saw that made you take the...
I never knew that. What brokers do you recommend to trade CME Futures? I trade through EFX Group right now.
In the last picture, it might look like a large move is needed to reach my intial target. That's just because I zoomed in so much. I just wanted...
Hey guys, thanks for all the great responses thus far. I've been doing some thinking recently and I think I might have found a good strategy to...
Well put! It's crazy how important money management is, but it seems like not too many people have a solid plan in place. MM can make you... or...
Here is the update for the YM trade from last week. Still in play with a 1:8 R:R ratio so far. I can't wait to be able to risk $1000 per trade....
I think I understand what your saying, and it makes lots of sense. Instead of automatically selling half, start to trail price with half the...
I'm still torn about selling half at b/e. It means that 80-90% of my trades will be wash at worst case, and I can still let the other half of the...
Sweet! I'll have to check out those recommended books. Can you give an example from the book about money management? I would like a fixed system...
I see your point and appreciate your input. I was just using the EURUSD as an example. Unfortunately I didn't create this system until recently,...
I like the way you put it. My logic behind "taking half the profit when the going gets good", was simply to reduce risk, but I guess it also...
Yeah, I guess my best bet would be to backtest and see which strategy works best. I guess I can afford to take small 1R losses during whipsaw,...
Thanks for the advice. I like the idea of adding positions along the way, but I'd rather enter size from the beginning. Once again, by selling...
Any other ideas guys?
Ok, thanks. That's not really what I'm looking for though. I'd like a system that predetermines at what point I will take profits, move stops,...
Ummm... "SAR"??? Support and Resistance? The indicator? Not quite sure what you're talking about...
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