How to Milk a 1 lot
Hubert Senters 1/19/2012
How Can I Join The Live Trading Room?
The Live Trading Room is available for John, Hubert, and Rob's day trading students. The room is open Monday through Friday from 9:00am - 12:00pm (New York Time) and reopens at 2:00pm - 4:15pm (New York Time). The room is moderated by Rob Hoffman in the morning session and by either John Carter or Hubert Senters in the afternoon session.
All 3 traders employ their own day trading strategies, indicators, and analysis. So regardless of trading style you will improve your trading from following each trader.
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One of the big questions that Hubert gets a lot is about how to exit a one-lot. He is in a trade from yesterday's open and he is now up more than $900. He explains that he got in and held it for as long as possible and he is still in at the moment. One way that Hubert says is a good way to exit the trade would be to use the Fibonacci tool and exit when the price reaches one of the levels. He also says that if you would like to hold onto more of your profit than that, you can change where you draw your Fibonacci levels.
There is a webinar tonight with two of the guest speakers from the trip to Utah, Todd Gordon and Dave Floyd.
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