DislikedFti my friend, I have a question and would love your input when you can.
I have come to realize that when trading I will inevitably be called away from my computer when in a rescue situation.
Being a single dad of 2 teen boys, it happens alot.
My question is : How do suggest I trade when I have no idea when I may need to leave?
It has caused me to have to kill my trades quite often and I just really realized that it was an issue for me.Ignored
reminds me of man who had 4 wifes. is difficult jiggling.
OK , if i was in such situation, what would i do?
I would probably do this, but this just me. So you need think and find the way for yourself.
I just trying to visualise what i would do if i was in such a situation.
Build into my MO is a system that distinguishes daylight limits and overnight(carry) limits.
overnight limits have in built capacity withstand at least 500 pip volitility.
I would probably postpone the rescue as i will not be monitoring markets.
Then size the trades to overnight limit size and leave it to nature until i can sit remanage it again.
if trade was in profits or breakeven, probably just square it for now.
same would be true for trades that are bias driven trades, where i trying ride it.
this probably what i would do.
I did promise Dr Z that I would be looking into reviving my studies of long tenure trading.
Have yet found MO thats suitable manage such MO without incooperating some gambling into it.
if i do manage atune that, i would put it up for discussions, but for now and had been for many years, not found it yet. sorry.
On a more personal note, another alternative is to find a partner manage the other commitments for you.
In line with dog whisperer's advice, i suggest a matured CALM SUBMISSIVE candidate to make life less hellish.
regards
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