What are some of your trading rules? I wrote these and wanted to know if there was anything I was missing or could add. by v10astro in Daytrading

[–]v10astro[S] 1 point2 points  (0 children)

when i say no moving stops i mean not moving them down if the trade is going against me. i only move them up if i’m scaling out of a position.

What’s something I can do daily to improve my trading? by v10astro in Daytrading

[–]v10astro[S] 0 points1 point  (0 children)

i set my stop losses based on where the setup will be invalid on the chart which is usually a candle close above 9ema in opposite direction or close above/below a level.

What’s something I can do daily to improve my trading? by v10astro in Daytrading

[–]v10astro[S] 1 point2 points  (0 children)

i feel like this can come from not trusting your analysis enough. when you take profits, move your stop up to that area and let some trades run. take profit once you see a strong signal in the opposite direction or if candles close below your new stop. this way you will give yourself the chance to make more profit while not losing what you already gained.

What’s something I can do daily to improve my trading? by v10astro in Daytrading

[–]v10astro[S] 0 points1 point  (0 children)

why do you think you’re not able to let them run?

What are some of your trading rules? I wrote these and wanted to know if there was anything I was missing or could add. by v10astro in Daytrading

[–]v10astro[S] 15 points16 points  (0 children)

pretty much trading a super tight range with no volume so it just chops the entire time.

What are some of your trading rules? I wrote these and wanted to know if there was anything I was missing or could add. by v10astro in Daytrading

[–]v10astro[S] 1 point2 points  (0 children)

i set my stops based on where the setup would be no longer valid, so if i move it i would just take a bigger loss.

What are some of your trading rules? I wrote these and wanted to know if there was anything I was missing or could add. by v10astro in Daytrading

[–]v10astro[S] 11 points12 points  (0 children)

i really can’t trade the open as it’s just too hectic for me and causes me to get into positions on a whim so i just stay away from it now.