Monday, June 11, 2012

Lessons in ES 3-min signal

Lesson 1:  Earlier signal voided by later counter signal.  Adjust stop level.

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Lesson 2: Did you follow the trend.

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Lesson 3: When trading in office, your vision and equipment are limited.  You must trade small and less frequent.

Good Conduct#1:  You didn’t revenge the market in the last half hour when in unexpected loss.  If you did, $300 loss would become $600.

Good Conduct #2: Took the loss when it’s small.  Took 2 ticks loss earlier after 2 ticks gain.  Took a big loss in the last hour just before it became 3 times BIGGER!

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