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mg1193
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Everything posted by mg1193
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Ego and fear have their own problems, but hope is the worst.
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[es] Stop Losses: Help or Hindrance?
mg1193 replied to AuctionMarket_Trader's topic in E-mini Futures
For Futures always have stop in place. For stocks no market stop loss. In majority of studies 7% stop loss return is equivalent of no stop loss account. -
Futures with good volume YM, NQ, ES and EUR and corn.
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Stop losses are always welcome in a trader's daily life. Without it a trader can not stay in this game.
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For intraday trades always hard stops. For swing trades mental stop may work.
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Welcome jhellie. This site offers more than some paid sites and forums are phenomenal.
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Looking for a Concept of How to Detect Swing Highs and Swing Lows
mg1193 replied to a topic in Beginners Forum
For swing high and low I have been using Fibs .272 and .618. Most of the times (70-80%) it helps with my targets. -
Paper trading is good to learn the platform. This will avoid silly mistakes of buy and sell. Paper trading will not help with psychology of trading and money management. In paper trading I used to double the account in one to two weeks, but when real money is at stake hesitation kicks in to pull the trigger. To learn trading have real money account and take only extremely small positions.
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Agree with you. After few days of following plan human brain starts wandering and result is bad day. Trying to pinpoint the cause, for this few weeks. What is helping is typed up rules next to monitor.