What if we use our Day Trading Stop loss as our Take Profit instead of setting a Take Profit on a Break out and Minimizing our Profit Potential. Far to many times have I taken profit only to see the Market push another 10-20 points.
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***THE LINKS IN THIS DESCRIPTION ARE AFFILIATE LINKS. I DO BENEFIT FINANCIALLY WHEN YOU CLICK THESE LINKS AND SIGN UP WITH PARTNERS. THIS IS NOT FINANCIAL ADVICE. DYOR NEVER INVEST MORE THAN YOU'RE WILLING TO LOSE. DAY TRADING IS VERY DIFFICULT AND PERFORMANCE SHOWN HERE ON YOUTUBE DOES NOT PORTRAY COMMON RESULTS.
*Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the investor’s initial investment. Only risk capital—money that can be lost without jeopardizing one’s financial security or lifestyle—should be used for trading and only those individuals with sufficient risk capital should consider trading. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or forex. Past performance is not necessarily indicative of future results.
CFTC RULE 4.41
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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