Day traders' weekend after-market lounge Dec 11-13, page-191

  1. 45,050 Posts.
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    I use a mix of things. I sold SHH quite early today but was happy with a 1:2 risk reward trade. I have found it is best for me to just pick a point at 1:2 or 1:3 risk reward and be happy with that. I try not move the sell point too much but all humans are going to adjust to some degree. Often I just set a sell order at five min chart supply but take a profit if it is running out of steam.
    Ideally , I want to get to a stage where I can just buy at a newly created five min chart demand and leave the trade on till it hits five min chart supply for income trades and the same with daily chart trades for longterm wealth creation but I have not got there yet. There is so much to learn and so many of areas of trading where the more I cut my natural tendencies out of the trade and automate the trade with sell orders the better off I am. As soon as I buy, I put in a sell order usually at five min chart supply now all I have to do is learn to keep it there.

 
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