Overtrading

[Mrbaffalo]

Hi Guys,
I'm starting realtime with MTP so what I'm facing is that it's absolutely fantastic to have many many setups, but the risk is to overtrade many symbols. How do you usually follow realtime? Do you Guys have charts opened for one timeframe and follow that specific timeframe on more symbols?
Sometimes it happens that many symbols present setups and switching from one to another, by changing timeframe I observed it can cause overtrading.
Any suggestion is welcome,
Thanks for your time
RGDS
MB

[scooper]

Hi

I have Esignal and have all charts opened in all the timeframes (its the only way to get the alerts). Then I just look at the setups in turn and try and select the best looking one and the one with the most R/R. For example, you quite often get the YM, ES and AB all setting up at the same time. Maybe one of these will have a small entry bar allowing a greater R/R. If the setups look good I would take the one offering the biggest bounty.

I personally also only real-time trade one position at a time. Its too easy to set orders on the wrong symbol in the heat of battle and end up in a mess.

BTW - I must confess I have missed trades before as looking at too many setups especially when the markets are moving quickly. In fact I missed a trade yesterday owing to the fact I could not get my order in before it would have been triggered. The market just took off and entering after the event would just increase risk which is a no-no.

Hope that's a start
:)

[Mrbaffalo]

Thanks so much! suggestions are welcome.
Coming from different trading methods it seems to me quite difficult to follow many setups (need to practice!!!)
I will try to arrange my charts in the best way to get all I need.
Thanks again for your suggestions

Regards
MB