[wsam29]

Just put my trade management idea to test.

Besides my first trade mistake to start the day, oh great, it worked out just great.

wanted to go short around 1010h, instead, I clicked the buy button because I got too excited. Hindsight says reverse trade and gone short anyways. -10

next trade, went long around trade went +7, move my stop to BE +1, stopped out for scratch trade

third trade, went long, trade went +7, moved stop to BE+1, closed trade for +8

finished the day -1 tick

to me that BE+1 is more a pscyhological trade, it's better the market pays for a scratch trade rather it come out of your own account because those commissions can sure add up and chew your profits to bits.

I was more willing to make another trade knowing the market paid for my scratch trade.

it really is the way that I trade that allows me to do stuff like this because it is not "set-up" based. I just identify volume contraction on a time chart and go from there. That happens all day long.

Besides, the mistake trade, I'm very content with this method of trade management, there is nothing else better knowing you have a risk free trade once that stop has been moved to BE+1.

either way I'm done for the day.