Uncle Mikes | Trading Reviews and Vendors


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Uncle Mikes

  #6 (permalink)

Membership Revoked
new york
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: mb trading
Favorite Futures: 6e
 
bobbyacim's Avatar
 
Posts: 184 since Feb 2010
Thanks: 598 given, 140 received

Uncle Mike this week

Hi everybody,

Short week so Uncle Mike took a lot less trades and was much more careful on the trades he did take. Several losers, and a number of break-evens kept the losses manageable, as a result a few winners basically resulted in a break-even or slightly profitable week.

Never the less, still impressive trading with only 3 contracts. His trading approach is really impressing upon me the real secret to ending a session profitable; not losing too much money when your edge is gone; cutting a losing trade right away and not allowing hope, or wishful thinking to keep you in a trade that ultimately hits your "hard" stopploss, causing you to lose a lot more money, therefore making it that much more difficult to RECOVER quicker when your edge is back.


Thanks...

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