Today I just took what it gave me. A lot of small swings but nothing consistent. I booked a lot of 4 pt moves and they add up. You can't hit a homerun with every trade. I'm only trading one contract until I know I have the hang of it. I'm very tempted to jump up to more contracts. Will probably move up to 2 by the end of the week. I've only had one down day(-$140) over the past 2 weeks and have been averaging about +$300. Today was the first day where I only traded the NQ all day and made I think 19 total trades. Some were dumb but I was experimenting. The other days when I've been averaging $300 I only made 3-5 trades. And, yes, the trades are real. I copied them right out of the execution page on TWS. Savage
Savage (Yoda) , Bro that is great trading on a day like this... Keep up the good work PEACE and good trading, Commisso
Very impressive indeed. How do you make your entry/exit decisions, do you use oscillators, a system or only discretion. What's your stop? Also it looks like you take a profit when you can and are willing to stick to a going nowhere trade until it is in the black, am I right?
Savage, What sort of "strategy" do you use? Fly by the seat of your pants? Fixed stop and profit target? Trailing stop and no target? etc..? thx..
...if it was me, I would not tell them how you did it, as it might have been their money you was taking.
I watch the 3min charts for MSFT, CSCO, INTC, NDX & TICK and pretty much base my trades off what I see in the charts. I also watch the NQ tick chart looking for low risk entry points. As far as stops are concerned, I try not to use them. I found that I get stopped out too often on potentially profitable trades. I think that in trading the NQ the entry point is a lot more important than in trading stocks. There are many trading books that tell you that the entry doesn't really matter much and it's all in the exit and money management. I think that the NQ is so volitile that entry is much more important and I prefer scratch trades and medium size gains as opposed to big winners and lots of stopped out trades. Savage