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Hi Rich,
one way that might be worth looking into is to trade a 3lot, , if one
slides over to the E-mini, this tactic of trading an odd
lots kind of lets you have your cake and eat to (so to speak).. SO now you
can take your first profit target, and leave
a least one if you feel there is still room for more.. Of course this
could be done in the Big one, since you trade it
you know the score there..
try a little back testing with this, it might be what you are looking
for..
goodtrading / Ted
> I am an S&P day trader and keep going back and forth in my mind my exit
> strategy. There are 2 schools of thought 1)let profits run 2)don't try to
> be a pig on every trade. It seems that every time I grab the 3-5 point
> profit the trade goes on to 10-15 points and every time I let profits run,
> the 3-5 point profit disappears. I am not particularly found of trailing
> stops because you have to be willing to give back a fair amount of profit.
> Others use a staggered exit strategy such as take 1 contract off at 3
points
> another at 5 another at 8 etc.
>
> I would be interested in hearing only from successful S&P day traders
which
> school of thought they follow.
>
> Thanks
>
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