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average number of trades per day


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average number of trades per day

  #11 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
Posts: 2,493 since Sep 2010
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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.

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  #12 (permalink)
 anniebee321 
london
 
Experience: Beginner
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hi,

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.......

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  #13 (permalink)
 vinceb 
Buffalo NY
 
Experience: Intermediate
Platform: Ninja, Tradestation
Broker: Glocapmarkets
Trading: FDAX,FOREX,GOLD,NQ,CL
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i keep tabs on about 7 instruments and usually have 10 trades on the day. i watch though only between 5 am and 12 noon est. it seems my method works best during that time frame.

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  #14 (permalink)
 
cbritton's Avatar
 cbritton 
Atlanta, Georgia
 
Experience: Intermediate
Platform: NT
Broker: DDT
Trading: ZN, ZB
Posts: 230 since Mar 2010
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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.

Regards,
-C

“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
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Last Updated on December 21, 2010


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