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I genuinely cannot figure out whether I should either aim for small/big profits, take a few/many trades and trade untill I reach my profit target or keep on trading as long as there are opportunities for one particular system. Basically, I have 2 accounts - 1 is my own and the other is a prop account. I have been trading the prop untill I reach my profit target with normal profit targets such as 2-4 pts and a max loss of 4pts. The other, I just keep placing trades for as long as the opportunities arise. I cannot backtest the system as there are too many variables involved and I have no knowledge on programming. If anyone would be willing to help me sort out this issue, I will gladly pay you for your services.
Unfortunately I'm ocd, so its really hard for me to settle.
my bad, i read that post as you where running a algo and auto trading . as a general rule of thumb ,you should shoot for a 50% win rate . with your winning trades 2 times the size of losses . if you can do that your the A team. hope it help
I would say this depends on your time frame (and what you call small or big). Maybe you should judge your trades in units of R(isk) (1R loss and 2 or more times R profit). Read Van Tharp for more on this subject.
This also depends on your time frame (and your time frame is determined by the amount you can afford to risk).
You should take every trade conform your rules. More info via Mark Douglas.
Keep in mind this is my personal opinion and what I write isn't necessary true or the only way to look at things. Hope it helps. Good luck.
