04-06-2009, 11:24 PM
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#165 |
Join Date: Jan 2007 Location: USA Thanks: 1,912
Thanked 1,775 Times in 892 Posts
| Re: Trader P/L 2009 Quote:
Originally Posted by bathrobe » My goal was to hold out for more points this week, I ended up not taking the .75 points the trade gave me, and ended up losing three. I am happy with my entry though, overall it was ok I guess. The trade came down to my stop exactly and then rallied 9 points. This happens  | bath - I've noticed the winners appear to be for 1 tick and then this big loss. In the spirit of discussion and helping each other, I wanted to provide my feedback - which is, you can't take 1 tick on winners (and only 1 winner) and then let one losing day wipe a big part of those other winning days.
I'd be curious to hear what causes the winners to be 1 tick and the losers larger. If the goal is 1 tick, are you sending your exit order immediately after entering the trade or is the 1 tick gain something that happens after being in the trade for a bit?
My point is that if your goal (intended or not) turns out to be 1 tick, then I would just get my limit order out there to get 1 tick immediately. Hopefully your platform can automatically do this for you. If the goal is not 1 tick, but it turns out to be 1 tick most days, then it's something you need to work on IMO. If there's specific questions you have, feel free to post here, start a new thread or PM me and I will give you my email addy and we can discuss there.
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