Recently, I have tried many and many strategies with low funds (100-200 euros) trading CAC40. None of them works, coz of low deposit. I work with InterTrader Direct broker. The question is the following: As long as CAC40 has reached 4-5 times the 4360 level, but also it reached the 4520 level (in the following days), is it (according with your opinion) a good strategy (with 2000 euro initial deposit), the following one: I want to open a buy ticket at 4360, 10 euros/point (using leverage). Also, I want to open a buy ticket at 4400, 10 euros/point. At 4400, setting a stop loss / limit at 4380 for both. At 4500, I want to close both tickets - this mean: 10* (140+120) = 2600 euro - (night taxes) = around 2500 euro. This sounds great, as long as the volatibility for CAC40 is around 1% (40 points/day), so you should be able to have a good money management but also, somehow, a good control of your looses/profits + an overview on the future trend. The ,,escapes" are: 1. At 4360, we should have a stop loss at 4320, but I have never seen this level since the Brexit + Nice attack. 2. At 4400, I should set the 4380 level, because 20 points it's a generous range for oscillation. Any opinion?
You are assuming that this one trade will be a winner. First, even if finishes as a winner, what will the heat be on this trade? Second, have you taken into account the cost of the spread when you open the position AND when you close the position? Third, what happens if when you trade you start with a losing streak? of 2, 3, 4, 5, or even 6 losers in a row?
I think the poster is looking for "extraordinary" returns type of trading, as he is talking about hyper leverage. In this case, the poster should really consider his "capital management" before 'risk management'. May be, the 2000 euros should be divided into 10 "attempts", where 200Euros would be at stake for each trade. But then 10euros/pip is too much: 20 pips stop for the cac without counting the spread : when they offer you hyper leverage, the spread is very expensive and actually widens enormously. May be go for 3euros/pip. Then when you double, then go for 5 or 6euros/pip
As long as it's spread is 1 / 1.5pip this mean 10/15 euro the ,,spread" @smallStops, this is a good ideea. 200 euros/stake, with 3e/pip, means around 70pips for "oscillation"
yes. What you also want to do, is after a set of say 5 trades, to fully take a break for at least one or two weeks. Do take out 50% of the profits plus your capital, before restarting a new round.
Hello friend You are trading based off Magic. None of your trading strategies are based on reality, just guess work. "I want to open a buy ticket at 4360, 10 euros/point (using leverage). Also, I want to open a buy ticket at 4400, 10 euros/point. At 4400, setting a stop loss / limit at 4380 for both." You are just picking numbers out of the air, from your chart. You arent watching the price action. You arent observing the Eurostoxx, the Dax, the Ftse... you don't know if there's Tier 1 data coming out (www.forexfactory.com). So basically, you literally have no context attached to your trades. Therefore, its 50/50 at best. You will continue to lose unless you change completely. That style of trading does not work. Chart trading does not work over the long run. It works better than expected... then worse than expected and weeds people out of the market. You need to add a lot more dimensions to your trading. Here are some answers for you; 1. Make sure you have a big enough deposit to trade the real live market (not CFDs etc.) 2. Research spreads on the equities if you want to hold intra-day such as Eurostoxx, Dax, Ftse, CAC40 3. Start looking for other people who trade these products to see what they do I can trade the Eurostoxx/Dax but I do not spread them, only outright. I cant help with the weekly spread trade gamble you want to do, but I've pointed you in the right direction