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redliontrader
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Everything posted by redliontrader
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If there is something missing there on the LRC I can help you move it over to TradeStation. I also have one I wrote a couple of years ago here:
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TradeStation.. I have used if or over ten years now..
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When Does One Start to Make Money
redliontrader replied to rxs0005's topic in Day Trading and Scalping
If you are consistent and using a system you should be able to pinpoint problem areas to take you to your next step. I would work just on one area at a time.. like improve your entry or work on a more dynamic way of setting stops or figure out how to exit better.. if you incrementally improve these areas one at a time you should move to the next level. - RLT -
Yours is the 10 million dollar question.. when to jump on the reversal.. I am not sure what timeframe you trade. I trade the TF on a 3 minute chart. I look for either extreme oversold/overbought and then watch the tape and up/down volume as well as the NYSE ticks. These will align for a reversal. My goal when I enter a trade is to get enough profit out of 1/2 of the trade to cover a breakeven stop. Each reversal for me is an attempt to get into a long term trend change. Hope that helps.