SAMPLE ALERTS - PAPER TRADES FOR TESTING PURPOSES!
Why traders should have a profit target for the day?
Successful traders have a plan and follow the plan. While the goal is proper trade setup before entering a trade, a financial daily goal is just as important. Specially if price action changes expected move. Take your money and wait for the next day when proper set ups occur once again. This goal also helps in controlling over trading. There are 252 trading days / Year.
Assumption - Account Size: $100,000
The $2,000 Target is conservative. A days trading with proper set ups and continued trend can generate $4,000 to $10,000 OR MORE in a day. (does not occur often but it does)
There is abundance in the markets. Do not be Greedy.
GREED kills trading accounts dead!
DO NOT KID YOURSELF. EXPERIENCE MATTERS!
If Your NET PROFIT Goal Is Met in 30 Minutes, and turns over, Call it A Day! DO NOT OVER TRADE
If the entry is awesome, and you meet the profit goal but price action continues in your expected direction, stay on until the move is over. You may also scale out of the position.
TODAY, THE GOLD PROFITS WERE GENERATED BY A REGULAR ALERT.;"NOT A SCREAMING ALERT" which have a much higher profit potential.
Strict Money Management Rules apply
to all trades.
Max Loss Per Day $500. If met, no more trading on this day!
All Charts Include The Levels Below!
The blackFLAG© FTS SIGNALS DICTATE THE MOVE, not a traders' interpretation of support /resistance levels. The chart lines provide guidance but movement is dictated by price action which is reflected by the signals. One may be expecting a bounce but if price action decides to back test or to turn over and fail, one must follow the alerts. As a day trader, one must be detached from a pre-determined analysis.
"Follow the alerts".
The same opportunities will be here tomorrow and the next day!
"ALWAYS PROTECT PROFITS (Adjust Stops), if price action changes your expected trend" Close The Position - if the trend shows signs of ending!
Considering the Possibilities!
- 6:30 AM - Daily Pivot $2,718
- 6:30 AM Daily Pivot $71.26
- 6:30 AM Daily Pivot $1,290
- 10:00 AM
- Screaming Long Alert on /ES. Took the trade with one contract. With profit target at the next pivot level. Closed the position with $200 profit.
- 8:48 AM Regular Long Alert
- Took the trade with 4 contracts. Closed it with a profit of $1,510.00 ten minutes later.
Thursday. Today, only a couple of trades. Setting goals and restricting the number of transactions helped cut down on the number of trades as well as reduce risking earned profits once received.
It is better to increase size for a proper entry, even if the move turns out to be small than to continue to over trade during the day 1 contract at a time. 83% of Net Profit Target. Not bad.