POLL...(Chart)-What would you risk?

Discussion in 'Index Futures' started by Breakout, Oct 5, 2003.

  1. EMini-Player

    EMini-Player

    Are you trading multiple contracts? Maybe scale out of your position. Lock in profits on 1/3 of your position at the +1 pt mark; and let the other 2/3 ride with a BE + 1 tick stop-loss.

    -FastTrader
     
    #31     Oct 6, 2003
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  2. T-REX

    T-REX

    By ignoring the overall trend you are sure to lose your money.
     
    #32     Oct 7, 2003
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  3. Breakout

    Breakout

    Thanks T-Rex...here's one I like.

    "Look for good odds. Price levels---historically low levels, just
    above price supports, etc.---sometimes indicate low-risk trades.
    Look for them."


    Quote from..."How the Young Millionaires Trade Commodities"...
    Futures Magazine_(Special Issue 2003)...pg.11




     
    #33     Oct 7, 2003
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  4. Breakout

    Breakout

    Yeah, I've been trading 5 lots, but I've been going all in, and all out. Maybe, selling a couple after 4 ticks will help. Thanks
     
    #34     Oct 7, 2003
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  5. Breakout

    Breakout

    Okay, thanks for the votes guys. Looks like about 65% of you would risk 6 ticks or less, with a heavier concentration in the 3 to 4 tick area.

    I'd been risking about 4 on average, so looks like I'm okay,

    Thanks again!
     
    #35     Oct 8, 2003
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