The Swing Trade SUCCESS train keeps rolling, 11 min $275 profit!

Great questions @elliot12.

With regard to the “stop order” I was making reference to futures trading (via Ninjatrader) not Nadex spreads using the stop plugin. From the way you describe it sounds like you are using the stop plugin correctly for your entries and your stop loss. I would suggest that you actually set a take profit order for your swing trades, makes it a little easier than sitting there waiting to pounce on the rapid submit button :smile: . If you aren’t sure how to do that go ahead and review the training course for the spread scanner here Pro Spread Scanner Step By Step Training and then let us know if you have any lingering questions.

With regard to your risk/reward question, yes it is the nature of the risk/reward for these swing trades. When scalping in order to give the trade more room to hit your take profit target you are usually taking on more risk…at least that how it has worked for me. I used to scalp with a tighter stop 15 ticks and I found I was getting stopped out more often for a loss. Darrell often states don’t try to force the market to fit your risk tolerance, look at it this way - placing your stop at the swing high/low (the point where price was rejected and the market changed direction) has more significance than some arbitrary dollar amount that you feel comfortable risking on any given trade. As a result there is a higher probability of your target being hit before your strategically placed stop loss is hit. Trend flip line is also used as an area for stop placement, I usually leave it at the swing low and then move it up when my first target is hit if I’m trading multiple contracts. If I’m trading a single contract, I will look at the full context of what the market is doing during that trade and reduce my risk accordingly.

I hope that helped.

Peter.

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