Daytrading Risk Management Strategy Hold Until Close

After reviewing my past 500 trades, the absolute most profitable trade management is to hold until market close. If you study the daily chart, most days will close near the highs/lows of the bar.

By only using just a stop loss and no profit target, one can capture monster moves.

One trade per day, win or loss.

Wins will be small 1-2R wins or giant 3-8R wins
Losses will be small half R losses or simple 1R losses

5-10% of the trades should make up 90% of profits.




Most trading months offer around 8-10 really great setups on Dow Jones. The other 10-12 days should be on the sidelines in cash, waiting.





To really stay in the game, simple 1 or 2R wins WILL NOT cut it.

One has to pay for:

Small Losses
Commissions
Fees
Taxes
Spreads

End of Day Hold Until Close Trade Management maximizes profits and routinely produces 30-40R gains per month.

Go through your own past trades and see if holding until 4pm EST would have yielded substantially more profits vs what you have achieved with your current management. I know I did and I am floored.


Some Examples:














These are all trades that could have been taken. My point is if just using a simple 2 to 1, the profit would have been SUBSTANTIALLY LESS than Hold till Close.