tag:blogger.com,1999:blog-6579146808262144709.post7469838216049308066..comments2023-09-09T08:10:21.317-04:00Comments on Grove Trades: Did I forget how to pull 'da trigger?Grove Underhttp://www.blogger.com/profile/11996363914551744557noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6579146808262144709.post-57730494937336400362011-12-10T13:28:31.067-05:002011-12-10T13:28:31.067-05:00Hi Tom,
You're totally right about the advanta...Hi Tom,<br />You're totally right about the advantages of being able to scale out of trades. The more I study them, the more I realize they're really critical for long term success.<br /><br />I just hope that the experience I'm having trading 1 contract, while trying to do a "psudo-scale out" on that one contracts (i.e. moving stop to b/e and letting it run) will help once I'm trading multiple contracts.<br /><br />Great to see that you're also get up to speed. DS is pretty amazing!Grove Underhttps://www.blogger.com/profile/11996363914551744557noreply@blogger.comtag:blogger.com,1999:blog-6579146808262144709.post-76503508676576351522011-12-08T07:43:11.939-05:002011-12-08T07:43:11.939-05:00Hey Grove,,
Very impressive day. I will speak to...Hey Grove,,<br /><br /> Very impressive day. I will speak to the conservative side (coward thats me) and say from what I see you had a great day. Your goal was to be disciplined, patient, and not overtrade or revenge trade.I think mission accomplished. <br /> Now,,,,lets look at the 3 profitable trades. Trading one contract doesnt allow the ability to scale out. And with just one contract if your position stalls and you havent hit your 2 point target you may exit early so as not to take a loss but then you are out of that trade. You and I have the same goal and thats to trade ( once you reach a certain level of consistancy ) more contracts. Lets say you had the same day with 2 contracts, you exit 1 and let the other run with free ride, to either come back B/E or run in your favor. Lets say you have 3 or 4 contracts on and you had the exact same day as today, GOOD DISCIPLINE, CONTROLLED ENTRIES, NO REVENGE TRADES. Seems to me you are on the brink of being able to really manage some profitable trades even if you only make 3 in a day. <br /> For me when I go live I will also start small with 1 contract until a certain point and then go to 2 contracts. But I will not go to 2 contracts (more risk also) until I know that I have earned that right. One step at a time. For me,,,3 winners everyday and over 4 points a day with contract size,,,,,I will do the dance of joy,,LOL. <br /> Keep up the great discipline and I hope I am not far behind. <br /><br />TomTomross58noreply@blogger.comtag:blogger.com,1999:blog-6579146808262144709.post-56337525363327808242011-12-08T06:38:49.263-05:002011-12-08T06:38:49.263-05:00Hi Jay,
Thanks, same to you! We miss seeing you i...Hi Jay,<br />Thanks, same to you! We miss seeing you in the room. Hope you're continuing to do well with DS.Grove Underhttps://www.blogger.com/profile/11996363914551744557noreply@blogger.comtag:blogger.com,1999:blog-6579146808262144709.post-47093917709593890332011-12-07T23:02:35.879-05:002011-12-07T23:02:35.879-05:00Good Job grove, Keep it up :) GL tmrwGood Job grove, Keep it up :) GL tmrwJay_MTFhttps://www.blogger.com/profile/13700300331193202851noreply@blogger.com