Albuquerque
Experience: Intermediate
Platform: NinjaTrader, Tradestation, Sierra Chart
Trading: Futures
Posts: 40 since Sep 2013
Thanks Given: 15
Thanks Received: 9
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Hi all,
I'm not sure if there's a thread on the forum regarding this topic but here goes...
I've been beating my head against the wall for years trying to figure out a way to consistently hit 35 tick - 50 tick targets mainly on CL. I've come across the concept that taking smaller targets more frequently is much more profitable even after subtracting slippage and commissions. I know I just need to do some extensive statistics gathering and calculate the results but I'm fighting Lyme disease and am really foggy-brained. If anyone else has these statistics I would LOVE know what they concluded.
I also believe for me there's a psychological component. I was a competitive athlete so I frequently use sports analogies to help me conceptualize trading concepts. I see taking smaller targets as hitting singles in baseball (mainly with bunts), being a retriever in tennis or 'defense wins the game'. My psychological reaction is YUUUCK!! Let me swing a little harder! I know I probably need to re-wire my brain to get excited about bunting but before I do, I would like to hear other traders opinions about this topic.
Thanks so much!
moneypenny
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