SLGG Trade on Mar 4, 2021 07:11 from OPTRADER18509: Tradervue User Stock Trades.

Today I had a breakthrough in my trading. I started using OCO orders while trading in ranges and scalping. This completely changed my view on trading. Using conditional orders allowed to already enter my stops and my profit targets. This allowed me to be less emotional at the bottoms of the channels because I already defined my risk and if the bottom were to give I wouldn't freeze like before and either fight out of my position and incur a big loss. This made me less emotional and more systematic in my trading because my risk was defined and it would get me out no matter what. No time to think!
This also allowed me to scale better near bottoms of channels to see if they will hold. I scale small first with a wide mental risk and once this level confirms as support I scale in a bit harder using a OCO order having a defined hard stop in place a few cents below that level which will get me out at a defined no matter what max loss on the trade that I know and is clear. On the same token increasing my reward which would be at the other resistance levels along the channels. This I know exactly in a sense I much I can expect to make on this trade. THIS IS AMAZING!!! And the best part I scale out/lock in my profits along then way thus reducing my risk exposure and increasing my reward!
THIs IS TRULY MINDBLOWING for me. I will implement from now conditional orders in my trading.
What I will improve on moving forward
-I will put my OCO orders closer to and at key support /resistance levels
-If I am scaling in before a base is formed and confirmed, use smaller size and a wider stop
-Once the bottom is confirm by basing there, put stop closer to that level and scale in up to the size I am willing to risk