Hi everyone.
Last month I returned to sim' trading after a hiatus and achieved ~2.5% return. I basically have a set of rules I'm developing and while I cap my downside with a Stop I leave the upside open to run. I don't currently set a PT. What I'm finding is I'm giving a lot of money back to the market when closing some of my winners.
I momentum trade and most trades will run several days or couple of weeks.
Very interested to get a handle on what the approach of others may be.
Last month I returned to sim' trading after a hiatus and achieved ~2.5% return. I basically have a set of rules I'm developing and while I cap my downside with a Stop I leave the upside open to run. I don't currently set a PT. What I'm finding is I'm giving a lot of money back to the market when closing some of my winners.
I momentum trade and most trades will run several days or couple of weeks.
Very interested to get a handle on what the approach of others may be.