I have the privilege of talking to many traders everyday. Lets face it, most of you come to our trading room because your trading isn’t going all that well and you would like to improve it. You are not alone in this. Trust me, trading may be lonely but there are lots of traders in the same position as you. You think you have the trading concepts but they don’t seem to be working
Surprisingly in the last few days I have talked to a couple of successful traders who visited the room. They both told me that they try for one point a day. I found that hard to believe but two things came out when I pressed them. One is that they always trade in the direction of the trend. The other is that they are trading a large number of contracts. Usually 10 to 20. 10 contracts at 1 point is $500 a day. Not bad. I bet most of you could live with that. It got me thinking that most traders who aren’t doing well tell me they all would be happy if they could “only” make 4 or 6 points a day. If that is your goal than treat it like everything else where you set goals. Maybe when you start go for one point a day. Remember that is what two successful traders I have spoken to aim for. If you reach it, quit for the day. Get consistent at making one point every day. Remember to record all your trades in our Portfolio Maximizer Software. Then you can relook at your goal. You have a choice. You can either add a contract or go for more then a point a day. Whatever you decide, we are here to help you everyday with our trading room, ECourse and Tradestation software.
Bes Wishes with your trading
