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Showing content with the highest reputation on 10/28/2018 in all areas

  1. 1 point
    So I did take a few trades later and ended the day up $259.00 - I am now down $100 this week with commissions. I am having an issue with Mid Floats, I do not do so well on them as I do on Low Floats. I do need to learn to trade Mid-floats (apparently easier) for several reasons: If you have a mid to larger size accounts, you need to have all your money working for you. While low floats are good, there is only a limited amount you can work with Mid Floats are more stable and less riskier There are times in the summer when Low Floats just don't work... I took some crappy trades today, chased, went against trend and did the Chop Chop Mambo (Where I spin in and out of long and short in a stock in a very limited time) Tomorrow I intend to take few trades in Mid Floats, but meaningful ones, where I think of good R;R and follow a strategy. Perfect day for me is 2 - 3 good trades (Not necessarily winners) but well executed. The good thing this week for me is that my overall Risk Management Plan is working. Yesterday I stopped out automatically at $250 loss, and today I did walk away with a decent target achieved. My target is 100 - 200 with a max risk of 250 a day. I took half share sizes today, which shielded me from hitting max loss. I will continue this plan for the remainder of the week... Things seem to be coming together. If you feel my postings are helping others, please let me know and like my post or comment. I know writing and going back to read the tremendously helps me and my mentor... Have a good evening!!!
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