Short DAX at 7740

Do you ever trade it upon open? I find very first trades to be the most profitable in DAX, unlike S&P500 morning action DAX has a lot less of 'knee jerking' going on, relatively straight forward to get 10-20 pts.
 
Depends. I have a tridimensional approach : Long-term trades ( positions held longer - up to several weeks ), short term trades ( couple of days ) ultra-short ( intraday ). If I am in a position of strength, i.e. having a solid profitable open position I can afford to be more aggressive...at this point I am like a good puncher : I know when and where to hit the market:D
 
I see. What's your view/s on scaling out, I find it helps me to lock in profits and hold on to a trade for much longer. I ask this because quite a few traders seem to disagree with scaling out.
 
Once again, the answer is : depends on market movements ! Personally, I use scale orders in fast moving markets. I started DAX Future trading since inception of Deutsche Terminboserse 26th January 1990. It´s still a challenge to hit the highs and lows of movements. How many times did I miss prices for a tick or two ? Countless !!
So, yes. Scaling might be and is a very good technique not only for novice traders but also for old-timer like me :=)
Nevertheless I prefer the technique in oder to close trades rather than entering markets this way.
 
Quote from ASusilovic:

Once again, the answer is : depends on market movements ! Personally, I use scale orders in fast moving markets. I started DAX Future trading since inception of Deutsche Terminboserse 26th January 1990. It´s still a challenge to hit the highs and lows of movements. How many times did I miss prices for a tick or two ? Countless !!
So, yes. Scaling might be and is a very good technique not only for novice traders but also for old-timer like me :=)
Nevertheless I prefer the technique in oder to close trades rather than entering markets this way.
More...

That's good news, danke :)
 
You must log in or register to reply here.
Back
Top