Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Very nice and competent ideas for this difficult subject:
My aproach seems most like Naguals, not saying I have the experience and discipline every single trade - still trying to be better:
Set up a trading strategy from an idea wich makes sence to you when observing the markets behavior
Let the market came to your trading strategy setup, if not stay out no matter what , you my also set up a portfolio af trading strategies , there will come new opportunities another day.
Include the strategy with stop losses, targets and max position size, preferably using the historichal data of atleast 100 events . 1000 events if possible.
( distance for stoploss should be dynamic for ex. in a stockmarket using Vix and daily range as data for calculation )
( a stop loss may also include an opposite position to your entry position, this may alow you to calm down and possibly get a lower spread or better price ahead)
Risk/ reward should be high and the stop loss should allow you to stay in the market the mainpart of your trades in a mean reversion strategy.