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Trading 1 contract: Trailing Stop or Profit Target


Discussion in Psychology and Money Management

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  #21 (permalink)
goodoboy
Houston
 
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tr8er View Post
Hi, for Crude I cancel the order after 10 ticks or if a new candle occurs (what happens first), otherwise I wait.

Thanks for your response,

Yes, that is what I am thinking of doing as well. If price after 10-15 ticks, I simply cancel the trade.

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  #22 (permalink)
Tom1978
Houston Texas
 
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If you are looking for a day trading system on CL, then you could consider closing the position at the end of the session instead of a trailing stop or profit target. Use pit session times.

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Last Updated on February 7, 2020


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