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Psychology and Money Management

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Millionaire in 10 weeks & Conversation with broker

  #294 (permalink)

Chicago, IL, USA
Trading Experience: Beginner
Platform: Sierra, Ninja
Favorite Futures: ES, EUR,TF
Posts: 8 since Aug 2012
Thanks: 49 given, 15 received

Overall results with lesser Profit per trade

You have assumed that 5 pts win per trade is doable. What will system dynamics be if 3 pts per trade is target for closing the trade? The reason: casually observing the available trades for MicroRussell, it seems that on many days there are not frequent 5 pt trades, especially if they are required to originate from a trend pull-back. I also note that your July 31 Double top short at 14:35 was not a trend pullback trade, it seemed like a sudden trend reversal. If so, it probably isn't a legal trade according to your early game plan?

Last edited by Willson; August 4th, 2019 at 08:48 PM. Reason: added
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