20160503
Short 1 TF 1126.7, +2.0
Long 2 TF 1121.9, 1121.7, -1.0, +1.0
Long 2 TF 1119.6, 1119.5, -1.4, +1.0
Long 3 TF 1118.9, 1118.6, 1118.6, +3.0, +0.7, +1.0
Total TF +6.3
Always remember to 'pay for the trade' with partial exits. This is the problem with shying away from a 2nd or 3rd unit when the entry model warrants it. Trading with a 1-lot position denies you this important part of the management strategy. There are signals that arrive with a decent swing for 2nd contract profits, and there are those that signal an entry but only move far enough to get that initial profit for a partial exit. You can't assume that just because the entry signal appeared, the market will cooperate with a good swing. Sometimes, its no more than the proverbial dead cat bounce... but that bounce may be just the needed distance to pay for the trade.... Stay focused. Enter your trades based on models with a history of structural correlation. Then, manage your trades as if the position will NOT work. Too many traders do it the other way around, entering trades because they think the market is trying to move in one direction or the other, then manage the trade as if it MUST work. This produces a day with too often with more losses than gains.
