Trades per day
- Thread starter TheDr.
- Start date
FredBloggs
Guest
depends on whats happening & what markets i am trading.
i mostly trade eurofx these last few months. then i too am in the 3 trade a day category. sometimes only one, sometimes 4.
i prefer to be patient and wait for the good opportunities than throw money to my broker under various 'what if?' scenarios.
i should point out that i only trade between 7.20 am and 11.00 am cst
sometimes i will also trade from 3.00am to 6.00am cst also if something interesting is happening. if so, i will usually make 1-2 trades in this session. (now for 5 a day)
if nothing is happening early morning cst, i may trade es at the same time as ec, but this is quite rare. if i do trade es, i will watch it during full regular hours and make between 0-2 trades a day off a 30m chart. I may hold overnight if conditions merit meaning these are not really day trades.
ramble ramble ramble........
i mostly trade eurofx these last few months. then i too am in the 3 trade a day category. sometimes only one, sometimes 4.
i prefer to be patient and wait for the good opportunities than throw money to my broker under various 'what if?' scenarios.
i should point out that i only trade between 7.20 am and 11.00 am cst
sometimes i will also trade from 3.00am to 6.00am cst also if something interesting is happening. if so, i will usually make 1-2 trades in this session. (now for 5 a day)
if nothing is happening early morning cst, i may trade es at the same time as ec, but this is quite rare. if i do trade es, i will watch it during full regular hours and make between 0-2 trades a day off a 30m chart. I may hold overnight if conditions merit meaning these are not really day trades.
ramble ramble ramble........
From other traders that I've spoken to and also from a lot of the panel here, it seems that 3 trades (if that much) a day is plenty for the mini-indices.
JMowery1987 made some really good points about the difficulties of trading them.
They tend to chop (as has been also been mentioned) so that makes them even more of a challenge if your used to trading retracements, etc.
If you have experience and a good broker (?) and a method which works for you, go for it. But if you find yourself entering more than 3 trades a day on any given day, that's a bad sign.
A lot of traders prefer to trade the YM vs. the ES because they can get better spreads and they can be more creative with their methodologies. There are a few threads here on subject.
Best Regards,
Jimmy
JMowery1987 made some really good points about the difficulties of trading them.
They tend to chop (as has been also been mentioned) so that makes them even more of a challenge if your used to trading retracements, etc.
If you have experience and a good broker (?) and a method which works for you, go for it. But if you find yourself entering more than 3 trades a day on any given day, that's a bad sign.
A lot of traders prefer to trade the YM vs. the ES because they can get better spreads and they can be more creative with their methodologies. There are a few threads here on subject.
Best Regards,
Jimmy
On average,i`d say 2 to 3 moves a day depending on the Vol that day but being that i scale in & out with 4 lots on the YM with a max of 20 cars per the move i`m anticipating...it can take me up to as much as 10 to 15 rt`s.
Less is more IMO..........if i hit my quota in the morning session or early afternoon,which happens more often than not,i shut it down & carry the positive mind set into tomorrows` session.
Less is more IMO..........if i hit my quota in the morning session or early afternoon,which happens more often than not,i shut it down & carry the positive mind set into tomorrows` session.