This sentence stuck in mind from the movie "Casino":
"In the casino, the cardinal rule is to keep them playing and to keep
them coming back. The longer they play, the more they lose. And, in
the end, we get it all"
Mathematically this is true for us as day traders. We need to quit at some point.
What does this mean for traders? Walk away when you reached your profit goal.
Trade more lots on good setups that worked for you, and don't try to find additional setup...that might not be there.
The more I learn price action, the more I see that 2-3 trades a day could be sufficient for most.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
it varies betwwen 2 to 7 trades a day - all market orders, yes i use stops.
targets are not always easy to define -- am still very much in learning mode
the way i see the markets play out intraday exposing opportunities
one person may see while another may not - so am sure there are a multitude
of plans you can follow which is why it is not easy.......
This post has been selected as an answer to the original posters question
I average 2-3, but there are days when I put on just 1 trade and there are days that I put on 5. Usually, I find that if I'm putting on a lot of trades, then I'm doing something wrong and I need to back off. Losing focus is never a good thing.
“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
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