Re: Smaller profits yields better results?
TODAY'S TRADING UPDATE (AS OF NOON EST)
NUMBER OF TRADES: 37
GROSS ES PTS: 8.25
NET ES PTS: 6.31
WIN %: 54.05%
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So far so good this AM. Not quite like yesterday, but I think that's why this method works so well for me. I can crank out 'small' 1.25's all day whether it's trending like yesterday PM or grab chunks like today thus far.
Note - I was incorrect on the previous commission quote. I am at 2.62 round trip.
At this point I think the treacherous day is going to be when it's in a very tight 3-4 pt range. And when that day comes, just have to take it on the chin and do it again the next day.
Also - I would like to point out another trader 'myth' that has been talked about on this board and others - not trading Fridays. Well, today thus far has put some more coin in my pocket, so I am of the belief that you simply take your setups regardless of days (unless of course your analysis and backtesting has shown statistical evidence that you don't trade well on certain days) but to just make that assumption based on a book or website is a very big mistake in my opinion.
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