Forum: Psychology and Money Management
August 8th, 2010, 11:18 AM
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Replies: 130
Views: 54,540
Stop Loss
I use range bars aset at 4. SL is 6 ticks, If SL is hit it's $120 loss.
I know what you will respond. You are risking $120 loss to make $150 profit. Why not buy 1 contract, at 5 tick profit...
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Forum: Psychology and Money Management
August 8th, 2010, 09:15 AM
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Replies: 130
Views: 54,540
Profit Target
Jeff,
So sorry for late response, I went on vacation.
I trade TF, 2 contracts, sell 1 contract at 5 ticks, sell 2nd contract at 10 tick profit. I find this to be a relatively "easy" and...
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Forum: Psychology and Money Management
July 31st, 2010, 04:39 PM
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Replies: 130
Views: 54,540
Profit Targets
I do not view it as scaling in or out, but rather reaching profit targets. As a result of using targets I have become more consistant in my trading keeping more money.
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