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postman
Nothing naughty about it, just a bit out of date. The old 10/1 has been resigned to history.
Its nearer 100 / 1 now isnt it?
Nothing naughty about it, just a bit out of date. The old 10/1 has been resigned to history.
IIRC, it was something like that in 2008 when it all fell down.Its nearer 100 / 1 now isnt it?
lol @ Dax... nothing if not extreme
The stock market have been consolidating this morning and investors are waiting data release on Gross Domestic Product and it’s impact on interest rates measures in the world’s largest economy.
....
OK vol is dropping off here, and my admin is done, so am gonna call it a day. Today's equity curve/trade blotter attached.
If anyone's interested, trade size is: 0.25 to 1 FDAX contract. Using fractional contract sizing to allow scale-in/out.
Hope you all have a good w/e.
very tricky day to trade today.
i guess this is a common problem but if you're a day trader, how are you guys deciding your entry points. For me, I struggle to keep trades running as my system uses a max 15 point stop and still my target it typically just 10 points. Due to the higher probability of the trade being successful than not (currently 67%) I still come out on top.
This obviously fails to capitalise on big moves like the last two days, which then tempts me into taking trades where I have a weaker signal, to get back into the move only for it to stop me out.
Any advice on how to handle this. I'm kinda taking the view that I should just keep ticking away making my target points each week and shouldnt care where the market is or how far it goes as long as my trades come through.
Just as an example, at 13.10 i got a buy signal on the Dax confirmed, entered and out 13.20 for 15 points. but the market has moved on and I have a higher target of 9560.
Anyone feeling Bullish this afternoon
Mr Topstep Is
I think Dax has another go at 9470 and then tries to rally. But I have no money on ATM. Will wait and see what the DowBoys do.
Anyone feeling Bullish this afternoon
Mr Topstep Is
closed all at 9475 (half +55 half +5)
Here my two pennyworth
Why not try closing half to two thirds of your profit and setting stop at break even on the rest see what it brings