Smaller profits yields better results?

[brownsfan019]

	Quote:	cooter
	Yep, curious, ain't it. But you seem to think that on a day like this, after reaching a daily target some of us would stop trading?

In another thread or two, there was a lengthy discussion on stopping after reaching a target. I didn't like it then and sure don't like the idea now.

	Quote:
	Greed is good, isn't it?

You say greed and I say executing your business plan and striking when the iron is hot b/c there will be cold days.

[brownsfan019]

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.

[walterw]

Nice Brown, only that what you are doing its a complete incognit...

as I asked before I will ask you for the last time and will not bother any more...

is it posible for you to post a chart on the premium sector of TL with arrows of your trades, without any explanation... so this weekend we can have some fun trying to figure out your aproach...

You will not loose anything, maybe we gain some... congratulations Brown for your achievments.... cheers Walter.

[brownsfan019]

MODS - GO AHEAD AND CLOSE THIS THREAD.

My point was laid out and it's there for all to see. I am not going to continue posting stats as that apparently upsets some people here b/c my entire trading plan is not laid out on a silver platter for all to see. I did not know that was a prerequisite for posting stats, but I may be mistaken.