Traders Laboratory - View Single Post - week 1 - 2007
Thread: week 1 - 2007
View Single Post
  #3 (permalink)  
Old 01-02-2007, 02:12 PM
torero's Avatar
torero torero is offline
torero has no status.

Trader Specs
 
Join Date: Oct 2006
Location: SPAIN
Posts: 1,329
Thanks: 43
Thanked 43 Times in 29 Posts
Re: week 1 - 2007

Hi Tex! Happy New Year and hope you had a great holiday with your loved ones as I did!

I'm still on the trade. Originally it was a meant for a 9743 area as target. But seeing the bigger picture on daily and weekly, I'm placing a breakeven stop and let the bigger pattern (triangles on daily and weekly) take this trade. Taking this action, I'm wondering if my stop is foolish and should move it to an appropriate area on the daily and/or weekly chart. What do you think?

I've seen traders turn a winning trade from an intraday to a swing (but I've seen newbies doing the opposite... taking the loser from intraday to swing). Think it's a good idea? If it doesn't work out, I'd break even, so no risk to me. One of my new resolution was to ride the winners longer.

__________________
"It's against human nature to succeed in the markets"-- Newbie Trader Lounge
Reply With Quote