[TimRacette]

Along a specific setups, I prefer to limit myself to certain times of the day (mainly I stay away from the US evening time frames). Over the years I've discovered trading less lead to more efficiency and larger returns.

Rather than limit myself to a # of trades to take, if the market has NOT produced any setups in the morning I will usually close out early. On a day where lots of setups are occurring and hitting my targets I will continue to trade. This ensures I won't over trade on bad days, but also take advantage of profitable markets on good days. Just my two cents.

[tradeemini500]

Agreed. We only trade when our setups present themselves.

[sdoma]

My my, does your website contain more such nuggets of knowledge?

[TimRacette]

Originally Posted by sdoma »

My my, does your website contain more such nuggets of knowledge?

Thank you. Derived from years of experience and learning from some of the best traders in the business. Best of luck to you.

[sdoma]

Originally Posted by TimRacette »

Thank you. Derived from years of experience and learning from some of the best traders in the business. Best of luck to you.

Not you, I was talking about the emini500 guy. He made a one line throwaway post and pimped his site. I actually like your blog entries and contributions.

[tradeemini500]

There wasn't much more for me to include. Tim pretty much summed it up in the post above mine.

We've also found there to be advantageous times of the day to trade. If a trade fits our criteria than we will take it regardless of TOD although most of our ES trading is done during the day session.


trademini500

[TheNegotiator]

12th July 2011.

Idea for the day:-

Don't get stuffed in what is basically a really balanced trade!!!

[UrmaBlume]

Originally Posted by sdoma »

My my, does your website contain more such nuggets of knowledge?

LOL - Well said - He does indeed take the trite and the obvious to a whole new level.