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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (1358)	7/8/1998 12:05:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

The logic I used was that daily goals are a waste for me. First of all I don't always see a trade daily and that's Rule Number One, if you will. Don't force a trade. Second, I would find myself trying to play catch-up the next day and we get back to Rule One again. But a weekly goal is workable for me. I guess I set it too low, as since I started using it I find it's always been hit by Tuesday or Wednesday. But it's more than enough money, and it takes the pressure off in the late innings during the week to know I'm home-free (as long as I don't give it back, as I noted. I have not done that yet). The two losing trades concept is the same idea. I noticed I would try to force the third trade and it was better to just walk away. Recently, knock on wood, I can't remember the last losing trade. I guess it was a couple of weeks ago. To this I attribute Rule One again. I'm more careful about entries. As I'm sure you know, the best trade often is no trade.