EAS_Trader
Newbie
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Who is EAS_Trader?
Ok Sharky, as a new member here and saying a few words about myself:
Have been trading equities for about 6 mo. using a business plan I set for myself.
I paid for several weeks of class at OTA, and am happy with their approach, as I always lost money before going there, now I am about 58% winning over losing trades. I still have a way to go to hit my mark of 65% winning trades before I am happy. I keep my stops close so if I have a loss it is a small loss. And I will trade either direction based on what the overall trend is. I use the futures for confirmation before entry and have my profit levels set so I can exit with a profit instead of watching to turn to a loss.
My losses are based more on market volitilty and getting stopped out. I will listen to news about 6am CST, and if there are major announcements during the day I make sure I exit before they come out. So in short I am a day trader, dont hold overnight, and sometimes I scalp if I have made my goal for the day, which means I am out in 10 minutes of trading for the day. Sometimes I exit even if it is a small loss so I am not in during the doldrums. To any new trader, make a plan, follow the plan, learn how to get unemotional about your trade, and be willing to accept a managed loss.
Ok Sharky, as a new member here and saying a few words about myself:
Have been trading equities for about 6 mo. using a business plan I set for myself.
I paid for several weeks of class at OTA, and am happy with their approach, as I always lost money before going there, now I am about 58% winning over losing trades. I still have a way to go to hit my mark of 65% winning trades before I am happy. I keep my stops close so if I have a loss it is a small loss. And I will trade either direction based on what the overall trend is. I use the futures for confirmation before entry and have my profit levels set so I can exit with a profit instead of watching to turn to a loss.
My losses are based more on market volitilty and getting stopped out. I will listen to news about 6am CST, and if there are major announcements during the day I make sure I exit before they come out. So in short I am a day trader, dont hold overnight, and sometimes I scalp if I have made my goal for the day, which means I am out in 10 minutes of trading for the day. Sometimes I exit even if it is a small loss so I am not in during the doldrums. To any new trader, make a plan, follow the plan, learn how to get unemotional about your trade, and be willing to accept a managed loss.