Thanks Uni. This helps me relate what I am doing with my 2 point trades. My goal is to steadily increase my contract size as I earn the right by growing my account. I am a trading grasshopper, but am pretty good at catching the small moves. I am experienced to a degree, just been in the FOREX...
Thanks for taking a look at this. So, if I understand you correctly, I would need to grow the account to $58,000 to reach 10 contracts. What is your reasoning behind "tightening up" after $30K.
Again, appreciate it.
Here is the first post of the thread
I am interested in finding out how others trade the S&P emini futures. I trade a system that targets 2 point moves most of the time. I guess I am a scalper, not really sure. My risk on these trades is very small.
Does anyone take a daily position, in...
I wanted to put a plan out for all to see and comment on. This makes sense to me, but I would like constructive comments on whether this has any value.
Initial Capital for plan $5000. Trade (1) Contract.
For every $5000 that is earned, add a contract until 10 contracts can be traded...
okay good advice. I have decided on a system. It has a very low risk per trade which is good for me now. The reason I asked the questions was I wanted to know how others traded compared to myself. Thanks.
This is really interesting. Do you take short positions to capitalize on the "fear factor". If not, why selling all the time.
Do you scalp these short positions? If so, what is your risk/reward. How many points per day/week/month do you hope for?
How many trades per day do you average...
Do you try to read her hand each morning and hope to establish a position for the day? If so, what are you looking for in points? How do you set your stop loss?
How and when do you determine your position? Early morning?
I assume from your post that when you scalp, you trade several...
Sorry. I just want to learn what others are doing out there. I want to know what kind of profit goals others have. I live in my own little world here and don't get out much.
I go by the concept that most people like to help and are honest. I would expect lots of shades of gray to be painted...
Okay. You have to understand, I am an Idiot. Can you tell me a little more here. A couple questions -
Who are the professionals? What is a scalp trade for them?
You are saying that if there is a resistance level at 1000 and price breaks this, then take a long position.
I do not...
I am interested in finding out how others trade the S&P emini futures. I trade a system that targets 2 point moves most of the time. I guess I am a scalper, not really sure. My risk on these trades is very small.
Does anyone take a daily position, in the morning before the open in...