YM Trades/Risk Management

YM - Mini-Sized Dow Futures Contract

Trade/Risk Management
Initial Stop: -20 to 25 Ticks (approx 10% of Daily ATR14)
Profit #1: +5 Ticks (Mechanical Exit Profit of $25)
Profit #2: +10 Ticks (Mechanical Exit Profit of $50)
Profit #3: +25 + Ticks (Discretionary Exit "Runner")

Minimize Risk with Protective Stop at Break-Even or -10 Ticks when Profit #2 is Filled (Discretionary). Move Protective Stop to "lock-in" Profits based on candlesticks and/or Parabolic SAR (Discretionary). Monitor shorter time-frame chart for potential reversal.

YM 3 Lot Long/Short
Initial Risk (Stop -20): -$300
Risk at Profit #1: -$175
Risk at Profit #2: None (Minimum $25 Gain or $75 Gain)