I adjust position size vary for each trade due to volatility levels. For example, a high volatility environment like yesterday during Fed's interest rate report after 2pm, I stick to 2 lots per trade. Other times, I might use up to 5 lots to trade when volatility subsides. Of course, we're only talking about scalping here. NQ only baby. Bye all for now.
I'm still fairly bullish here and think this leg lower right now will be bought. Ready to re-enter long, but not quite yet...
Right shoulder here. Early and risky long. Probably wait for confirmation above 90. Could still drop lower on the day.
Still ranging, but I don't think 4405 will be sold this time. Question is how greedy can we be if this get legs? Can we see 4450 on the day?
This is partially what I saw. Momentum fizzled out a bit here now, so that's discouraging on the long side...