Hi Everybody,
To celebrate that we have started the “Beta testing” of the new RT MTP add-ons for NinjaTrader 7, I will do today’s post using NinjaTrader 7.........
Friday was a good day with a TS2 sell unfolding on the 3min ES, that nailed the high of the day for you ! Using the standard trade management guidelines would have meant coming out for a +2.3R Profit (ignoring slippage and commission).
Some people will complain at that, but then they will have forgotten the +2R Profit from the YM the day before, and then compare this to just a small -1R loss on the 3min YM the day before.................. All these Profits were much larger than the losses, and that is what makes money overtime.... Big Profits and only small losses.
Thanks, Steve
PS, I know that you would all loved to have caught the whole decline, well pop over to the Advanced Blog to see how........
To celebrate that we have started the “Beta testing” of the new RT MTP add-ons for NinjaTrader 7, I will do today’s post using NinjaTrader 7.........
Friday was a good day with a TS2 sell unfolding on the 3min ES, that nailed the high of the day for you ! Using the standard trade management guidelines would have meant coming out for a +2.3R Profit (ignoring slippage and commission).
Some people will complain at that, but then they will have forgotten the +2R Profit from the YM the day before, and then compare this to just a small -1R loss on the 3min YM the day before.................. All these Profits were much larger than the losses, and that is what makes money overtime.... Big Profits and only small losses.
Thanks, Steve
PS, I know that you would all loved to have caught the whole decline, well pop over to the Advanced Blog to see how........
Posts
