NQ helps as well

There was also a nice TS3 buy later in the day on the 3min NQ. Please see the chart. His resulted in a nice +2R Profit (ignoring slippage and commission). Adding this to the -1R from the ES and the +3R from the YM meant that we had a good day on the US e-minis yesterday...........

Note: as the STF was blue, the sell setups were avoid by the standard traders among you.

Thanks, Steve

Loses can happen....

Yesterday was also a good example of how loses can and do happen,. All traders know that loses unfold when trading, there are just too many vendors and Gurus that never mention losses. This gives a “false” impression that trading is all about a high % of winners, it is not, successful trading is all about keeping the inevitable losses small.

Here this -1R loss on the 3min ES was small when compared to the +3R Profit on the YM (see post below)

Small losses and big profits (not their number) is the real key to successful trading....

Thanks, Steve

A good day

Hi Everybody,

Yesterday was a god day for the Standard Traders among you. The day started with a TS2 buy on the 3min YM.....

AS you can see from the chart, after a long time, the YM did reach the first projected profit target. At that time the STF was weak, so standard traders would have taken profit at that level for a nice +3R Profit (ignoring slippage and commission)

A standard and automatic trade that was managed using the standard trade management guidelines........

Thanks, Steve