First off, this is my first post on this forum, depite lurking for many months. Hello everybody - Please be gentle ... !
I've been day trading the Schatz for just over a year now and I've developed a strategy that seems to work nicely for me. I've got to the point now where I'm trying to maximise my profits. I just have one question ...
Do you stop when you reach a certain profit target for the day ?
Or do you continue trading your strategy within your trading hours, regardless of your p+l?
I can't help feeling if the opportunity is there, and the entry point ticks all the boxes of my strategy, then why not carry on trading ? However, on an apprenticeship I did, I was told to stop when I was nicely up for the day .....
Which do you do and why ?
Any advice much appreciated !
Paulie
(I tried to do a search for this, but couldn't find anything)
I've been day trading the Schatz for just over a year now and I've developed a strategy that seems to work nicely for me. I've got to the point now where I'm trying to maximise my profits. I just have one question ...
Do you stop when you reach a certain profit target for the day ?
Or do you continue trading your strategy within your trading hours, regardless of your p+l?
I can't help feeling if the opportunity is there, and the entry point ticks all the boxes of my strategy, then why not carry on trading ? However, on an apprenticeship I did, I was told to stop when I was nicely up for the day .....
Which do you do and why ?
Any advice much appreciated !
Paulie
(I tried to do a search for this, but couldn't find anything)