Disliked{quote} That's for sure! I have to revisit my MM. I'm getting a lot of trades that go +5, I lock +1 in only to get stopped out. Maybe I'll try your MM approach. Not sure my platform can do partial exits...Ignored
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Disliked{quote} That's for sure! I have to revisit my MM. I'm getting a lot of trades that go +5, I lock +1 in only to get stopped out. Maybe I'll try your MM approach. Not sure my platform can do partial exits...Ignored
Disliked{quote} ...is usually hidden away in the 'Ah, I never knew it could do that!'' section.Ignored
Disliked{quote} hahaha, i like that! yes dobbsie, also try to get out with +5 with 90% of your position and let the rest run. close the 10% left at the end of day, s&R or daily open. or like hal with a trailer stop...Ignored
Disliked{quote} That's for sure! I have to revisit my MM. I'm getting a lot of trades that go +5, I lock +1 in only to get stopped out. Maybe I'll try your MM approach. Not sure my platform can do partial exits...Ignored
Disliked{quote} Another, kind of convoluted, way of doing it if you can't partial close, is to close out completely at +5. Then, re-enter at that level (either immediately or on a retrace) at a reduced lot-size, equiv. to a 90% / 10% split on a single initial entry.Ignored
Disliked{quote} I have never been a big fan of the +1. Too much time and effort for that kind of pay. But still better than a loss. Often when I get to +5 and move my stop to BE I will get stopped. So generally I leave the stop where it is. If I can get a run going that is what I am really after. Price action moves too much both ways to get traction from those tight stops IMO. I closed out a JY trade today I was in from yesterday that got +52. When I don't watch trades that somehow can miraculously happen. The key to me of any of these methods is figuring...Ignored
Disliked{quote} I have never been a big fan of the +1. Too much time and effort for that kind of pay. But still better than a loss. Often when I get to +5 and move my stop to BE I will get stopped. So generally I leave the stop where it is. If I can get a run going that is what I am really after. Price action moves too much both ways to get traction from those tight stops IMO. I closed out a JY trade today I was in from yesterday that got +52. When I don't watch trades that somehow can miraculously happen. The key to me of any of these methods is figuring...Ignored
Disliked{quote} What percentage do you take off the table and what percentage do you keep running? 90/10? 80/20?Ignored
Disliked{quote}... And if it really really takes off I think about retiring, but then what would I do.Ignored
Disliked{quote} I vary it but generally 90%, especially if I leave my original stop. Often when I get to +20 I will move to a 10 trailing stop and if it really takes off to a 20 trailer. And if it really really takes off I think about retiring, but the what would I do.Ignored
Disliked{quote} Thanks, Hal! At the beginning of each day, I hope to be retired by the end! Hasn't happened yet...Ignored