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.
Max Loss Per Day $500. If met, no more trading on this day!
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.
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!
- 6:49 AM - Daily Pivot $2,13
- 6:49 AM Daily Pivot $71.11
- 6:49 AM Daily Pivot $1,297
Comments:
- /ES
- 1:00 PM BULLISH
Comments:
- /CL
- 9:04 AM
- BEARISH
- 1:00 PM
- BULLISH
Comments:
- /GC
- BEARISH
- 1:00 PM
- BULLISH
Notes:
Wednesday
- 10 AM Results Update
- By 1:00 PM, the P/L Day is down to $945.00 Several attempts to enter and managing actively. This is partly the reason, I have decided to add the goal tally to the journal. This will force me to be more selective in entering trades and protecting profits more aggressively.
3:32 PM. NO MORE TRADES TODAY!
