NexusFi: Find Your Edge


Home Menu

 





Trading 1 contract: Trailing Stop or Profit Target


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one goodoboy with 12 posts (4 thanks)
    2. looks_two tr8er with 6 posts (4 thanks)
    3. looks_3 Massive l with 2 posts (5 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
    1. trending_up 6,029 views
    2. thumb_up 13 thanks given
    3. group 5 followers
    1. forum 21 posts
    2. attach_file 1 attachments




 
Search this Thread
  #21 (permalink)
goodoboy
Houston
 
Posts: 393 since Dec 2016
Thanks Given: 362
Thanks Received: 252


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.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Quantum physics & Trading dynamics
The Elite Circle
Elite Trader Funding, Avoid?
Funded Trading Evaluation Firms
How to plot a custom icon for crossover
NinjaTrader
Help re translation of ninjascript to EL
NinjaTrader
Pivot Indicator based on Level2 data
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
HumbleTraders next chapter
46 thanks
Tao te Trade: way of the WLD
45 thanks
What is Markets Chat (markets.chat) real-time trading ro …
41 thanks
ApexTraderFunding.com experience and review
30 thanks
1 Minute Man
19 thanks
  #22 (permalink)
Tom1978
Houston Texas
 
Posts: 15 since Dec 2019
Thanks Given: 6
Thanks Received: 11

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.

Reply With Quote




Last Updated on February 7, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Sitemap - Downloads - Top
no new posts