Am I missing something?

Discussion in 'Trading' started by Muffhands, Nov 4, 2018.

  1. Robert Morse

    Robert Morse Sponsor

    I agree and suggested the same however it is easier to scale your size at the start of the journey with SPY than ES.
     
    #31     Nov 5, 2018
    Muffhands and sss12 like this.
  2. Turveyd

    Turveyd

    For a position perspective, your guessing at a bottom, try reducing the level of which you enter so not so big a move so far but then joining the direction, betting on continuation is better than reversal and picking a bottom with a SL.

    Run the maths see if it's any better, likely think just after US Open, or other times, where market likely to pick a new direction, might get you 3:1 profit ratio aswell.
     
    #32     Nov 5, 2018
    Muffhands likes this.
  3. Thank you all for the awesome input, and especially RM for taking the time to speak on the phone. I will keep you all updated as to how my strategy works out.
     
    #33     Nov 6, 2018
    birdman and fan27 like this.