Dow Jones YM Week of January 15-19 Expected Range Bound
I am expecting another choppy range week and will buy the lows, sell the highs. Will take it slow this week and try to avoid getting chopped up.
I am only going to allow 2-3 trades per day.
I am only going to allow 2 losses per day as Max daily loss
I am only going to allow 2 winners in a row as Max profit protection
I will only do 2:1 on every one of my trades and at the end of the week, add up my P/L stats.
I will try to shoot for 50-60% win rate.
10 trades at 2 to 1 at 50% win rate is 5% gain.
I am only going to allow 2-3 trades per day.
I am only going to allow 2 losses per day as Max daily loss
I am only going to allow 2 winners in a row as Max profit protection
I will only do 2:1 on every one of my trades and at the end of the week, add up my P/L stats.
I will try to shoot for 50-60% win rate.
10 trades at 2 to 1 at 50% win rate is 5% gain.
Trade closed manually:
My two trades on Tuesday. One winner and One Loser. +505 and -240 respectively for a total of +260 for the day. The second trade I am a bit embarrassed about but still learning.
Mostly 1-3 trades per day