Good Evening , Can someone help me , with the Profits that would be gained , if the following Theoretical Example were to play Out EXAMPLE: We enter a Long on CL at the price of $37 ( Trading just 1 Contract ) For Every 10% that CL increases in price,we will add 1 contract My Calculations for when to add 1 contract/The running total of Contracts at each ( 10% ) mark...... 1. at $40.70 we'd add 1 contract = 2 contracts we are now trading 2. at $44.70 we'd add 1 contract = 3 contracts we are now trading 3. at $49.17 we'd add 1 contract = 4 contracts we are now trading 5. at $54.08 we'd add 1 contract = 5 contracts we are now trading 6. at $59.48 we'd add 1 contract = 6 contracts we are now trading 7. at $65.42 we'd add 1 contract = 7 contracts we are now trading 8. at $71.96 we'd add 1 contract = 8 contracts we are now trading And then we'd just trade the 8 Contracts , from $71.96 to $77 If this trade worked out this way to the " T " , and we scaled-In and added 1 contract per 10% increase in CL , what would the Total Profit be , once CL hit $77 ? Thank you for any and all help and input
You Need Not Worry About The Profits, The First Thing You Look At Is The Loss, Me The Way I trade CL Is Know My Stop. Not Sure Your Method Will Work. Why Not Look At My Post At Sharp Shooting The CL, With TL re tracements Just Trying To Help.
A spreadsheet should make that easy for you. However, I have to tell you that idea is way out in fantasy land. Come back to earth. Check out Kelly sizing. The most aggressive method of doubling your money and avoiding risk of ruin. I have only heard of users doing half-Kelly. Even then, none of these schemes can work without a method with stable probabilities. Not high, but stable..predictable. This is where you should be devoting your energies.
grizzlybull , Can you please post the Link to your post ....... At Sharp Shooting The CL, With TL re tracements And Thank you both for your replies