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Thanks Fat Tails for the Money Management reminder. I am doing 1-contract trades only (maximum 2 per day). To safeguard any unexpected "big" loss, my trades always have a pair of bracket orders.
You trade between 9:00 am and 12:00 noon in the morning. Will you take a trade when the signal bar (say an Inside bar) completes at 9:00 am? Appreciate your tip. Thank you.
Yes....OUCH..........but.......the day isn't over. These are the times when having a good "forgetter" is important ! lol Just move on to the next set up.
I trade between 6-9 and 10-11:15 PST and ......yes......if the bar immediately preceeding the open and the end of lunch is a good set up bar then I take the trade......because it is triggered during the trading hours.
sounds reasonable! But why are you then interested in trading on a lower margin? For me the margin requirements have never ever been a criterion to select my broker, as all brokers require less margin than my money management rules.
I strongly believe that all those who are trading on a reduced margin are heading for disaster.
I agree with you Fat Tails 1,000,000,...%! I have been trading mainly stocks and directional options with IB for 4+ years. Most of the investment funds reside with IB and Mirus is a new comer early this year. Lower margin = less transfer between accounts. No worries. I'm a Conservative trader and will never trade beyond predetermined limits.