tag:blogger.com,1999:blog-9459815.post5607710284824491964..comments2023-07-03T06:33:52.478-04:00Comments on Trader-X...views from a distorted mind.: Trader-X updateTrader-Xhttp://www.blogger.com/profile/15148372813905710453noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9459815.post-58038103530594026672009-06-26T10:34:41.546-04:002009-06-26T10:34:41.546-04:00I get a lot of inspiration from Five Rules for lif...I get a lot of inspiration from Five Rules for life. One day I may even submit my own.Toddnoreply@blogger.comtag:blogger.com,1999:blog-9459815.post-90057582949764001492009-06-25T20:51:05.650-04:002009-06-25T20:51:05.650-04:00I am new to full time Day Trading and your info is...I am new to full time Day Trading and your info is top notch. I made a donation as hard work should be rewarded. I have adopted Fibonacci as my strategy and will keep you advised of my progress. Thanks for what you do.Richardhttps://www.blogger.com/profile/02848499061943478655noreply@blogger.comtag:blogger.com,1999:blog-9459815.post-44326505297239285392009-06-24T21:50:19.157-04:002009-06-24T21:50:19.157-04:00Hi X, glad to know you will be posting regularly i...Hi X, glad to know you will be posting regularly in July. I have a question regarding your fib profit target: <br /><br />I find your profit target, which is the 30min fib extension, often yield lots of set-ups, but with usually less than 1R profit potential. <br /><br />Is there a minimum R amount you will trade? Or do you just trade "any" set-up once it fits your criteria?<br /><br />In addition, if the 30 min fib target is less than 1R, do you switch to prior day's fib high/low to 30min high/low as your new profit target?<br /><br />IMO, I think it is not very good money management to risk 1R for 1/2R gains? At this rate, I'll need 2 wins to offset 1R losses? Meaning, I must have an exceptionally high win rate %, to trade less than 1R gains.<br /><br />Or am I skewed in my thinking, somehow?<br /><br />I really appreciate your insight and prompt response. And, once again, thank you for all your help.<br /><br />RobertRobertnoreply@blogger.com