Another thing to keep in mind too is that when you see a setup where you believe the probabilities are greatly in your favor, it might be time to double up on the trade as well. For example I trade some open strategies and when the EMINI's are up or down more then 10 points I find I have a much...
Hi I am Todd. I am a Prop trader with Bright Trading. Working on my 6th year. Love it. Will never go back to anything else. I have survived 3 blow-ups and never had a year where I have lost money. I live in Abbotsford which is just outside of Vancouver, BC. I like to read different posts...
When I started trading I started with a prop firm (Bright Trading) and was fortunate that there were 4 other traders who all started within 6 months of each other and we are all still trading today. So that really helped that none of us really had an experiance and were all willing to share...
As a professional I think the best advice I can give is find yourself a good team to trade with. Make sure they have similar basic ideas as to how to trade the market. Since you are just starting out and probably don't have a real feel for what type of trading best suits your personality...