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smlcap
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Amen!.....I'll drink to that.
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. I rarely make more than a couple hundred a contract. It seems the more I go for, the more often I lose. Yes...This more often than not the case. The more you go for the more often you loose. I try to set a goal. $150. per day, combined from as few trades as possible on a given day. Of course, I hope to make that $150. in a single trade. The goal is a minimum of $750. per (5 day week.) Or, $150. per day average. Get the $150, hit and run, don't go back. Don't even look back. Greed is a killer.
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Don't know what "set ups" are. Sounds interesting, though.
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Entries & Exits. Which Are More Important?
smlcap replied to TheNegotiator's topic in General Trading
Yes...A good entry/start is like scoring 3 runs in the top of the first inning. The sooner you're ahead, the better. Good entry, and I'll cross the exit bridge when I get to it. The above 80/20 equation sounds pretty accurate to me. -
No.....Greece is not OK now. Neither is the EU. Sure, there will be some temporary patch work to keep some of these country's afloat. Kick the can down the road.