So, What’s the Best Strategy?

Posted by Deb | Day Trading Journey | Monday 16 May 2011 3:27 pm

Today I had a short trade, entered the going up market with one contract (on the simulator), and quiting 4 pips later with a small profit of $50.

Friday’s profit had made me rethinking my strategy in the last few months: Possibly, trying a very cautious trade is not the way to go. I should of course be careful in my trade, that is always true. But possibly even with my shrunken account I should try for a smaller profit. I had been trying to get my account back up to $2000 for over a month, just to get back down to $1400 in 2 days. 2 days like last Friday would have gotten me up to $2000 in no time! Maybe being too cautious does not pay. Maybe have to gather back my confidence and do more ambitious trading.

I really don’t know.

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  1. Pingback by Futures Trade Blog » Live Again — May 17, 2011 @ 10:31 am

    [...] So, What’s the Best Strategy? [...]

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