One Experienced Trader's Trading Style

[lovemyprofits]

Trading Style

I pay close attention to price action around the day's high and low, yesterday's high and low, tops and bottoms of trend channels (all time periods) for hints of future direction. When it feels right I do the trade.

I expect to be right immediately when I execute a trade. The allowable margin of error is very small because the entry levels I choose are at key points. If the market moves even a small amount against me my opinion of direction becomes uncertain and possibly reverses. Therefore having close tight stops and limiting losses suits my trading style.

When the price action accommodates I use trailing stops to lock in profits while allowing the trade to reach maximum potential. My underlying dominant strategy is avoiding losses. I do not allow a winning trade to become a losing trade.

Bottom Line - Daily profits are unlimited. Daily loses limited to 1% of capital.