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Afternoon trading March 14, page-44

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14/03/24

13:35

Post #: 72884265
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Originally posted by float^: ↑

OT

Just wondering about traders who take 1 or 2 ticks profit. Do you place your stop at -1 or -2 ticks? Because that's not going to work out long term. Firstly, you often have to cross the spread to buy or sell, then there's volatility. Your losing trades will add up to to more than your winners.... unless you have absolutely exquisite timing. Highlandland takes small wins, but he trades mean reversion (not momentum) and that's a little bit different.

What am I missing? I've never been able to DT successfully, so I don't get it. Where do you place a stop for a trade where you're taking 1 0r 2 tick profit?

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I don't use stops , if you think its going to your stop price then your better off having a buy order at your stop level and wait patiently, thats just me though
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