Traders Laboratory - View Single Post - Smaller profits yields better results?
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Old 06-07-2007, 12:43 PM
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Re: Smaller profits yields better results?

Here's today's actual stats to help with the questions:

NUMBER OF TRADES: 29

GROSS ES PTS: 15.00

NET ES PTS: 13.6 (2.32 COMMISSION RATE)

WIN %: 67.8%


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That's my numbers from the AM session.

Some might like that, some might not.

I am personally cool with that.

The key here is that I was extracting profits when there wasn't huge moves taking place. For example - I shorted 3 times near the open. Two of these produced profits. Take a look at your ES chart at the open - there's not much movement there for shorts, right? Well, taking 1.25 twice and one loss of .75 yielded profits. Going for a larger profit and that would have been a full loss. I prefer to make money.

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