johnlonn

Jonbig are you still on SIM? If you are, when are you planning to go live? Do you have som time set, or do you want x amount of profitable weeks on som before you go live etc? keep it up!! / J

Hey Jonbig04. Thanks for charing your thoughts with us. I am kind of in the same sitution as you are, i.e Im thinking of trading day and night. I am also a newbie building my way to trading success. Have you ever though of having a dynamic profit target, i.e you adjust your profit target to the market and PA? In todays market I personally think that you should try to grab what you can get, by trailing your stop etc. Of course this type of strategy might mean that you need to take more than only a few trades/week. I mean its not so nice to see the price just miss your target by a tick and go all the way down again to stop you out. I mean when you take a trade in the market that entry is dynamic, meaning it can happend anywhere a setup that signals a trigger in your system occur. why would you not also suit you profit target to what is going on in the market. This may interfere with you taking really big targets sometimes, but it might also stop you from taking a few losses? In this game I personaly think defence is the best offence. Just some thoughts! Keep the hard work up, Im with ya!!!! // John (Stockholm)