Traders Laboratory - View Single Post - Scalper Daily Target
View Single Post
  #4 (permalink)  
Old 06-06-2007, 05:40 PM
walterw's Avatar
walterw walterw is offline
walterw is The Trader Chimp

Trader Specs
 
Join Date: Nov 2006
Location: Argentina
Posts: 2,168
Thanks: 0
Thanked 41 Times in 30 Posts
This member is the original thread starter. Re: Scalper Daily Target

I think that Dogpile got the clear idea... now Jake there is something interesting here and we call it "momentum"... when he declares himself at the momentum areas... you want to leave a runner working... this will normally exceed your daily expectations, wich you can use it as a cushion on future stops... now calling a day in this case is a smart thing to do specially when you know that for a scalper the next 2 hours may have such a diferent climate that you have more chances of getting stoped than making any profits...

Fixed profits for a trade itself would keep you of taking this momentum situations... maybe you can take a fixed profit for the first 1/3 of position as many do here... the rest if you see momentum should you hold until you get a technical exit signal.... cheers Walter.

__________________
you can check my site on my profile contact info...
Reply With Quote