Most of the trades we take are scalping trades, we do not hold any position after market close, our targets are met just by scalping and day trading, we never take position trades.
I clearly show the entry levels in our trading room and confirm when my order gets filled so that the information I give is crystal clear for the traders who follow me, all entries are posted BEFORE the setup gets triggered.
For you to have an idea on how it works, look at this trade we took on Thursday for instance:
[Mar 17, 2016 9:57:14 AM EDT] RenaTrader GTS 2012.75
[Mar 17, 2016 9:57:40 AM EDT] RenaTrader GTS entry: Long 2013.25-12.25
[Mar 17, 2016 10:01:09 AM EDT] RenaTrader HARD STOP 2009.25
This is the way I make the calls on a daily basis, with clear entry levels and STOP, look how the trade was called minutes before we got filled, because timing is important to us. After getting in, we have rules for different styles of trading, some traders like to take profits at the initial target, others prefer to trail and only leave the trade if stopped out, besides that, we also have rules about how to hold or scale out, some traders will scale out as it goes up, locking in some profits along the way, while others will go "all in, all out", taking full profits only at the target levels.
When/if STOP LOSS is hit we get out without hesitating and wait for the next setup.
By the way, GTS stands for the type of setup we were taking, it was a day trade.
We do the same thing over and over again following the rules strictly, and we know that our execution does not need to be perfect for us to be consistently profitable, some traders might take profits early, but even those who do that (our minimum target is 4 points) are profitable week in, week out.
If you want to join us and learn how we do it, click here: Diamond Setups
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