NexusFi: Find Your Edge


Home Menu

 





Goal setting to increase profits?


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one Laguna with 1 posts (0 thanks)
    2. looks_two mwtzzz with 1 posts (0 thanks)
    3. looks_3 kbit with 1 posts (1 thanks)
    4. looks_4 Massive l with 1 posts (0 thanks)
    1. trending_up 2,331 views
    2. thumb_up 1 thanks given
    3. group 3 followers
    1. forum 3 posts
    2. attach_file 0 attachments




 
Search this Thread

Goal setting to increase profits?

  #1 (permalink)
Laguna
laguna beach, ca
 
Posts: 14 since Mar 2011
Thanks Given: 2
Thanks Received: 9

hey Guys,

I would love to hear from you re/ What helps you to make continuous progress with profits? Is it via daily/weekly/monthly goals? Is there is a method to go by? What's the key? Increasing contract size did not work for me: a bit of a nervous Nelly..And feel like I am goofing off and happy with little money: generally if psychologically I am on edge: I walk away even during great trading days. Shall I not? Would love to conitnue growing as a trader, and will appreciate your comments.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
ZombieSqueeze
Platforms and Indicators
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Deepmoney LLM
Elite Quantitative GenAI/LLM
Exit Strategy
NinjaTrader
 
  #2 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364

I don't have any goals...daily, weekly or anything else. I think that's dangerous, just take what the market gives you. Specific advice is hard to give...without a LOT of screen time you may not fully understand but, generally you should (if your a TF trader for example) wait till 10:00 to initiate a trade ,don't trade the lunch hr and come back after 2:00 and look for another trade. Like I say this is VERY general, in time you'll pick up on the nuances and so on. I can't elaborate any more without "writng a book". On the issue of nervousness, you have to be certain of your methodology. If it has a high sucess rate then you will have the confidence to stay in trades. Perhaps you should do more backtesting or live trade on demo/paper untill you gain more confidence.

Reply With Quote
Thanked by:
  #3 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
Experience: None
Posts: 2,129 since Mar 2011
Thanks Given: 1,859
Thanks Received: 5,106


^kbit has some great advice.

Just keep at it and take your time. Your mind will let you know what the next step is if you listen to it carefully.
Don't predict what the market is going to do, let it tell you what it's going to do.

Visit my NexusFi Trade Journal Reply With Quote
  #4 (permalink)
mwtzzz
Sunnyvale, CA
 
Posts: 171 since Dec 2012
Thanks Given: 8
Thanks Received: 107

You definitely should not double up on your contracts as a way to get more profit. This will bite you in a big way. If anything you always want to trade way more conservatively than you are actually capitalized for. You always need to make sure you have reserves to withstand drawdown periods.

Reply With Quote




Last Updated on March 14, 2013


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts