limit

Discipline – how not to enter the limit

I have already described the system of double limits for the day, she very hard teaches not to go beyond the second limit and stop on time. This is a very good technique at first., but when you have been trading for a long time and follow all the rules, skipping a day during the reporting season is not very beneficial for your wallet. Therefore, I came up with an alternative : You also have a day 2 limit First conditional, if you enter for it, then you no longer trade today. If you enter for the second, then the next day you reduce your average position and the daily limit DOUBLE, and so every day if you go beyond it. If a day with a reduced limit closed in a normal plus, you return it to the original one again It seems that everything is simple, can you have some additions ???

Notes 6 October

The main problem preventing trading – “Studies” eliminated and you can start improving it. Lately she wished for the best, it takes a week to recover to the previous level, maybe two. Reduce the position size to 500 shares Limit 150-200 dollars per day 4-6 trades maximum Stop no more 10 cents Only trends with good potential On Friday there will be a free seminar on the Internet with another good trader, details will be tomorrow. approximate time 13:00 in Moscow

Beginner rules (Addition)

Initially you have 3 daily deals. If you did 3 deals and gross more 20 Dollars, you are given more 3 transactions, etc. If less 20 dollars then close for today Loss limit: The day is put 2 loss limit First conditional, if you go for it then you no longer trade today

My goals are getting closer

This week has become very good for me, one of the best in a long time. It's not about super deals, and in increasing the size of positions, they mutilated in 3-4 times because. my daily loss limit increased by 6 times compared to the previous one and it is much easier for me to trade large positions. Of course not yet familiar, but with time it will pass. It's a pity all there is no time to lay out the deals for all this time. Every day the results are growing by leaps and bounds and it makes me very happy. Поставленные цели о которых писал ТУТ достиг. P.S. Напоминаю что в компании которой я работаю продолжается Конкурсный набор на должность трейдера-аналитика Нью-Йоркской фондовой биржи продолжается

Risk Management Table for Newcomers to Day Trading on the US Stock Exchange (NYSE,NASDAQ,AMEX)

I wrote a table of the level of the day trader on the NYSE. This is how you need to gain experience for trading on the NYSE for beginners and experienced traders.. It's my personal opinion. *Standard stock position for trading ** Daily loss limit on the day after which trading stops *** Total profit for the week, to go to the next level **** Total minus amount for the week, to go to the previous level For beginners, the transition is carried out after two or three weeks, for more experienced traders a week is enough.

Time for tough measures (part 2)

My trading keeps getting worse and worse, because discipline is gone. I start trading from the very opening and feelings prevail over me. I can't stick to my rules and I'm losing money. Not trading, and some CASINO. From tomorrow I don't open the terminal until 10:20 and I introduce rules similar to the previous ones , but slightly changed. I have a choice now, continue to drain money and spit on everything or return to disciplined trading and stay in this business.

Time for tough measures

Well after two days of plus, on the third day I broke again and did something stupid. There are some new problems in trading : I do by 50-90 cents in a trade and close it to zero I strongly believe in individual trades and put everything on the line I don’t move my stop at no loss Started trading reversals, my trading strategy almost completely excludes them. I am looking for some new sensations and adventures. I do not follow the trading system , Risk management

Trader's trading styles

To make good money trading on the stock exchange, you need, so that your trading style matches your personal character as much as possible, circumstances, Experience. If a trader has a penchant for one style of trading, then his results in a different style will be much worse, up to negative. It's like working in a position you don't like.. Therefore, it is so important for a novice trader to know his niche in the market and act in his “own style”. Then synergy will work, and trade efficiency will go uphill. WHICH STYLE OF TRADING TO CHOOSE?

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