Forum: Psychology and Money Management
January 14th, 2010, 12:49 PM
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Replies: 36
Views: 9,147
You make an interesting point - what is really...
You make an interesting point - what is really "better"? To do some quick scalps or trend trades in the morning and then go enjoy the rest of your day doing something else, or to dedicate yourself to...
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Forum: Psychology and Money Management
January 12th, 2010, 03:09 PM
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Replies: 36
Views: 9,147
Rather than just holding half my position for a...
Rather than just holding half my position for a trending move that starts to occur, I would actually tend to enter with additional contracts when I see that happening, because the market is easier to...
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Forum: Psychology and Money Management
January 12th, 2010, 02:09 PM
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Replies: 36
Views: 9,147
Thanks Andrew...
Some things that I forgot...
Thanks Andrew...
Some things that I forgot to add regarding this method:
Make sure that you only enter in spots where you have a better than 50/50 chance of making money with your scalp. If...
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Forum: Psychology and Money Management
January 12th, 2010, 12:53 PM
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Replies: 36
Views: 9,147
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Forum: Psychology and Money Management
January 12th, 2010, 12:26 PM
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Replies: 36
Views: 9,147
In my opinion, it makes absolutely no sense...
In my opinion, it makes absolutely no sense whatsoever to have a daily profit target and then quit after that. If you do that, then what you are really doing is "dictating" to the market how much...
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