29 yr trader of ES, NQ, USA(ZB)Gold. Happily married-father of 5. Trad-Catholic. I have made every mistake so you donโt have to. Live in Faith, Hope and Love.
Every trade I take I assume will be an expense and I am prepared to cover for a scratch or small expense. When the market moves in the direction of the trade I have on, I put in a scratch stop. My next thought is where will I take partial profit AND where will I add..........
Keeping my stops tight and taking scratches allows me to size up when the market moves!