Swing Trading Global Markets - WILD Approach
- Thread starter gmst
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How about throwing in $6 RT commissions and 1 pt slippage each way?
It's been bandied about various places, especially in pabst's article in the Greatest Hits section, that traders are typically profitable before commissions. After commissions, they're net losers...
Might as well make it realistic (from a retail standpoint). To do otherwise is delusional...
It's been bandied about various places, especially in pabst's article in the Greatest Hits section, that traders are typically profitable before commissions. After commissions, they're net losers...
Might as well make it realistic (from a retail standpoint). To do otherwise is delusional...
Thanks for checking out the thread
What you say is generally true and important for intra-day trading. Effect of commissions is very small for swing trades. However, to make it absolutely accurate, I agree a 4$ round-trip commission should be added. Slippage is not necessary since all these fills have been on limit orders.
And purpose of this thread is to just practice swing trading. I have been day trading for sometime now, and would like to develop the psychological wherewithal to keep trades open for days. Its actually quite a challenge for a day trader
Quote from gmst:
Thanks for checking out the thread
What you say is generally true and important for intra-day trading. Effect of commissions is very small for swing trades. However, to make it absolutely accurate, I agree a 4$ round-trip commission should be added. Slippage is not necessary since all these fills have been on limit orders.
And purpose of this thread is to just practice swing trading. I have been day trading for sometime now, and would like to develop the psychological wherewithal to keep trades open for days. Its actually quite a challenge for a day trader
yep..commissions will be a non-factor when swingtrading...just count the number of trades and multiply by your commission/exchange fees and deduct from gross profit or loss
Are you limiting yourself to looking at just the hourly/daily charts, or driving yourself manic watching the DOM or the 5/15/30 min charts?
Are you only trading ES or would you consider markets that trend better w/o the intraday manic-depression?
How are you determining the swings you're hoping to ride?
Are you only trading ES or would you consider markets that trend better w/o the intraday manic-depression?
How are you determining the swings you're hoping to ride?
5min and DOM is always open on my system for my intra-day trading. I am always looking at it during RTH. However, for this thread, I am only looking at hourly and daily.
I wanted to experiment with other markets as well in this thread and that was the main purpose of this thread to diversify my trading across markets. Unfortunately, I haven't really found the time to research other markets yet. I plan to start doing some trades from other markets as well in this journal. Thanks for asking.
There is no backtested method for this journal, I am just looking at average moves ES makes over 2-3-5 days and depending on this knowledge, coupled with when I see markets making a change in direction intra-day, I just close the trades.
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