So here we are nearly 6 years later...How time flies when you are not gambling...☺
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Quote from ElectricSavant:
Lets examine this example. Please be patient with my simple minded ways and plain talk...
You trade an instrument and go long and short at the same time in it. You set up your trades with targets in equal increments.
So lets say were long on EUR/USD and our profit targets are 20 pips. As the long side goes up we are entering and exiting each 20 pips. The short side is accumulating entries temporarily. When it reverses then the opposite will happen. You would need to learn to carry high unrealized P/L. but your profit comes from the boxed in volatility grabbing....
Take a trade size based on a 10 year range of the instrument.
Quote from newbie2010now:
Gambling for those that dont know anything about trading , they open a trading account and they wipe out, Not gambling for those who take it slow and try to understand the game every day, Like me![]()