I Can't Make a Friend of the Trend | Psychology and Money Management


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I Can't Make a Friend of the Trend

  #16 (permalink)

Columbus, Ohio
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: NQ
 
WoodyFox's Avatar
 
Posts: 129 since May 2016
Thanks: 41 given, 249 received

With the higher Volatility lately.. I have suspended my smaller stop strategies and shifted into some swing trades. This is my trade from Yesterday. Good example of how deep the pullbacks can be. The trade has a minimum 2 to 1 take and is trailed by nearly 59 Points. Holding through the weekend can sometimes be a little nerve wracking, but already up 59 points, I should be able to handle a pretty large gap down Sunday night. At least to my initial stop and be out with a normal loss for the strategy. I do not trade RTY, but large stops are must for me with NQ. Even when day trading a 12.5 point stop would be small for me. Anyways good luck with your trading, and I hope you find what works for you!
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