Dislikedit has been a choppy couple of weeks. this is when little scalps during the day for those that can afford the time could come in handy.
advice... taking profit will limit your profit potential, which will affect your end result. limiting your # of trades will too. but again, it comes down to what you are comfortable with. two stops a day might be a bit soon IMO, I have noticed on G/J that the third trade can be the winner a few times. have you noticed this with your trades? if you notice a third or fourth trade is successful, go back and test it out from when you started and see how the results differ... maybe your style is right, and the market is being unkind, or maybe you can fine tune.Ignored
The following is with a 40 pip sl plus a spread of 10 for a total of 50 pip SL.
Pips since 12-25-06
Trades per day
<2 = 2606
<3 = 4921
<4 = 4423
<5 = 4402
<6 = 4138
<7 = 4429
<8 = 4523
The maximum trades in any given day since 12-25-06 was 7 which was 6 stop losses of 50 and a postive 319 pips.
Overall so far this year it appears to be better to limit to 2 trades a day to maximize profits.
Most of the trends were chosen within the first 2 trades. If more than 2 it generally only decreased the losses for that given day.
Hope this helps.