Firstly, i'm not a trader. Gave up in the end after failing with charts/TA for the best part of 10 years! I'm just someone who follows people who I know have a massive 'edge'. Call me a gambler. That's fine lol. I'm just here for fun and to make the odd trade post if I have time to post it With the first trade, the stop was really tight (on the 'proper' entry), but I missed the dudes call (he got in close to the low tick at 2866 with a 5 point stop or so), so I was 20 points too late with my 2886 entry! So my r:r wasn't great. But he was confident of his target so I took it late anyway With the 2nd one, stop was 8 points
Better to use $30K, that way you won't get locked out if you have a bad day and dip below $25K. Read the PDT rules before you start, there's some nuances on the margin side if you hold a position overnight. It can get a little confusing if you've never done it before.
Will we finally get the long awaited trading halt today? 1997 was the last halt as i recall. Down 7% . I don't think anyone wants to be long over the weekend . If we really let go i'll be scaling every 10 pts down and hold for a few days .
Trump election, futures were limit down. post-Brexit 2016, futs limit down. August 2015, futs limit down.
Just an observation, but the speed of this market throughout the day is like replaying the minutes after an FOMC meeting for hours at a time.