Profitable traders, what is your take profit rule : …

Take profit : r/DaytradingTake profit trader : r/FuturesTrading

FAQs about Profitable traders, what is your take profit rule : … Coupon?

How old is tradeday vs take profit trader?

In this first table, we compare the year where each prop firm was founded, where their offices are located, and how much balance you can get to trade after scaling (when applicable). TradeDay is 5 years old. It was founded in 2020, earlier than Take Profit Trader which was founded in 2022 and is 3 years old. ...

What is allowed by take profit trader & tradeday?

Although most proprietary firms are more oriented to day trading, some allow holding positions overnight and even on weekends. Here’s what is allowed by Take Profit Trader and TradeDay. We all like to use the trading platform that we are used to. For this reason, prop firms support different trading platforms. ...

How do you make a good trade if a trade rips?

If you're watching your trade go in your direction, at some point move your stop to break even, and if it rips, bump it up to secure at least some profit. Maybe make a rule for yourself with x amount of points positive, move your stop hard and let it ride. What kind of percentages are we talking? Sometimes 5-10 points, sometimes up to 20 points. ...

How do I become a profitable trader?

Your best bet is to figure out which way the algos are going and hitch a ride. Definitely takes time and a fairly brutal learning curve - becoming profitable is more than possible, and sometimes takes a bit of reflection to find the right trading style and strategy that suits your personality, and available time in front of the charts. ...

How do I know if I'm a good trader?

Play out the trades when your set up appears and let the charts tell you when the move is over. If your satisfied, stop for the day. Overtrading to catch that 1 more trade for a few more % is what turns green days red. If you can average 0.15% per day, month after month, year after year, you are an excellent trader. ...

How do you make a profit from paper trading?

Im currently paper trading, but I see Im consisitently profitable by selling off shares at certain prices. For example, I make a long trade with $3000. I would sell 33% of my holdings whenever the price went up a certain amount. Then, once I see price momentum slowing down, I close out my position. Step 1: stop scalping. Spy is giving big moves! ...