morning prep

bobarian 

Getting out early is typical for many traders.Myself included.Many times , i look at entries i took 10 ticks, and it turns out i entered at HOD or LOD.This I believe, is where the trader needs to decide what the targets will be.Be it a tick amount, or a level.Just like charts, our brains can harbor a huge amount of noise.Simply accepting what type of trading we will really commit to,and staying true to it.Of course , we all know what happens when we try to do many types at once. Michael seems to understand this very well.Newt as well.If youre cozy going for small targets and you do it consistently, its only a matter of time to add contracts.Or, if you like larger targets, look for entries that can yield more ticks, and pass on the little ones.....I guess the point is....make a choice, and stick to it....imho Bob

This is such a struggle for me personally. When I scalp 5-10 ticks, and it moves, I ask myself, why am I only scalping? When I'm waiting for a move and it ranges taking out my stops, I ask myself, why don't I just scalp. It's hard to stay committed to one arena during live action. It's only recently that I've started to figure out what I'm really after.