Keep Calm and Don't Move Your Stops.....

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Wednesday, April 19, 2017

+4RR

Using a one minute chart at the inflection points, I was able to scalp for about 25 ticks today....after commissions its more like 20...even though its a successful day in terms of dollars, in terms of execution its a fail.

I was pretty certain about the direction today and I had a target on the daily chart for possible targets. I did get in at the correct place but it started sideways for quite a long time....eventually I just took a decent profit and said screw it....whereupon it started down again. I was pissed so walked away for about 10 minutes and started scalping again....this netted a pretty decent dollar reward but the easy trade was sell and hold which I did not do.

So happy to have made a nice profit trading pretty large size for me but I never risked more than about 6 ticks so sizing up was relatively easy today.

Cheers.



3 comments:

  1. nice! that was a sweet scalping series there and for size too!

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  2. Thanks....I just wish I had held the first trade....that would have been a killer day!!!!!!!!

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    Replies
    1. i was gonna say - but you did what you did for the safety of the account, no one's gonna fault you for that. nice evening trade last night! you're on a good roll!

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