Lions.. lets say you are in 5 trades, 3 are profitable and 2 are not, yet you have hit your day trading goal.. hypothetically say its $200. CLOSE ALL THE POSITIONS! You have hit your goal… then you would go on and enjoy the rest of your day.
Do not get fixated on underperforming positions! You hit your daily goal and move on.
GM
Agreed. I took an odd trade on commodities, Corn this morning. Wanted +.15 but it went parabolic which it never does. Took it at +.80 Going to celebrate.
Greg during the 4:00 video can you talk about what is the normal amount of money you need to work the market. For example, if you want to make 150.00 you should have 5,000.00 in the market working if you want to make 2,500 you need x amount working. Do you have an equation for X, that you can say if your working 100k or x amount your return should around what? Your correct it is never bad to take profits but before you jump you want to be prepared. But what are realistic goals to make in a day for the amount of money that you are risking? Thanks