Not only this trade took a long time, about 35 mins.. It was also pretty nasty, I took some heat before winning my 2 points I was down about 4.5 points then it went up again hitting my profit target 2 points...
That's why I have a large stop of 6 points I like to give the market a room to breathe and correct it self.. Newbies always chicken out if they are down a point or 2.. Since I am using a pretty accurate method a 6 point stop is ok since it rarely happens that I get stopped out.. Last loser was on March 2008.
Congrats I've been trading with some of my students today and they all nailed it and took the heat without sweating :))
Becky
That's why I have a large stop of 6 points I like to give the market a room to breathe and correct it self.. Newbies always chicken out if they are down a point or 2.. Since I am using a pretty accurate method a 6 point stop is ok since it rarely happens that I get stopped out.. Last loser was on March 2008.
Congrats I've been trading with some of my students today and they all nailed it and took the heat without sweating :))
Becky