Traders Laboratory - View Single Post - Thoughts on Overtrading
View Single Post
  #3 (permalink)  
Old 09-11-2007, 09:01 PM
feb2865 feb2865 is offline
feb2865 has no status.

 
Join Date: Oct 2006
Posts: 161
Thanks: 0
Thanked 3 Times in 2 Posts
Re: Thoughts on Overtrading

You can quit once you're in profit. There's nothing wrong with it. Remember, it's your money on the line. Markets will be there next morning. But if you still think you can stretch it out a little bit more here's some questions for you.

1) do you scacle out postions?
2) Do you trail stops?
3) Do you have a daily target you want to achieve?
4) is going back to the market affects your money management control?
5) what type of market conditions are required for you to do a re-entry?
6) Do you use market/limit orders for entry?
7) are you totally sure your technicals are aligned as well as they did on your first entry??
8) when you said the first trade of the day..is that like at the opening, half morning etc??

Reply With Quote