Manging your stop effectively as in manually trail it is on way to boost r:r - I might be wrong here - may be more experience folks can answer this.
:whistling
I don't have much to say on this strategy - r u day trading this. I would imagine this strategy being lil harsh for a day trader. with fake break outs and multiple tests of S/R.
would kill some one like me.
I dont know about you - I have had the worst losses on the days that I have tried to get the tops, when the market had popped.
It seems to work well on individual stocks that on futures.
I dont know ... :)
Staying in the game is Important...!
Having a R:R ratio better than 1:1 is very important psychologically and finacially.
You will be confident taking the trade and will stay in until it hits your stop. you will be able to comfortably manage a trade. profits = high probibility + R:R ration...
Peto,
the intended scope was
"Fellow Day traders,
Wanted to gather some poll on how much we as Day traders are making.
Please choose one of the options as applicable for you. this will give us a picture of where is this career taking most of us.
p.s. be honest "
so full time ppl.... making...
:clap:
why do we care for any kind of statistics... with 100,000 members i expected better response than 150, so i am keeping it alive.
well, just wanted to see the picture...dont you.
Oh by the way dont quit ur job before have much saved for... only will make you more desperate...
BUT and the big BUTT....its ok if you r a swing or position trader...if you r a day trader/ scalper kinds... part time is part time. full time is no joke..very different...get a long leave and try...
:clap:
I know how it feels... but its OK... as long as you have learned your lesson... i lost 5K one day - first day - so i have been stung.. I had other issues... but whateve..
use stops... understand that you are playing with probability and risk and reward ratios.
your set-ups/ signals...
Your new account on the new system needs to take ownership of the files on the new secondary drive:
1. Sign in as administrator.
2. Right click on the secondary drive and choose Properties.
3. Security tab.
4. Advanced button.
5. Owner tab.
6. "Change owner to" box. Select the account to own...
If i may ... I think what u need is enter higher probability set ups. and keep you R/R ratio positive... results will be fulfilling...
ther is no such thing as on the spot....close ya.. gotta be.
:eek:
From my experience... even if you are scalping ...letting the winners run with a trailing stop is the key to increase profitability. its probability game...high probability setups with contineous trade management
If i am not being a jack ass... people who scalp ticks (including me right now)...