Forum: Psychology and Money Management
March 9th, 2013, 10:08 AM
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Replies: 63
Views: 12,576
Right...
Big Mike
I was thinking a number equal to the days range combining all the days trades. Per one lot would measure how much of the gross range with each one lot. Now I understand. I have no idea...
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Forum: Psychology and Money Management
March 8th, 2013, 08:53 PM
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Replies: 63
Views: 12,576
Thanks Mike...
I will take a look at that as a performance metric. Still a little hard to define for me. Like asking a baseball player what his goal is for reaching base. Wouldn't the answer be every time. The...
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Forum: Psychology and Money Management
March 8th, 2013, 08:20 PM
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Replies: 63
Views: 12,576
Still ...
Do not understand. Is it important to have such a goal defined this way? If it is, whose authority makes it so? I would define a day in which I captured a number of ticks greater than the daily range...
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Forum: Psychology and Money Management
March 8th, 2013, 08:11 PM
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Replies: 63
Views: 12,576
It should not...
be a surprise. Big Mike.
I've been trading over twenty years and I have never heard of a daily profit goal as a percentage per contract of average daily range. Maybe I'm old school or a...
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Forum: Psychology and Money Management
March 8th, 2013, 05:40 PM
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Replies: 63
Views: 12,576
I never ...
thought about that. I'll check that out and respond asap. Old poll still on my front page btw. DB
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