4 years total es futures. Was a retail series 7 in 1986-7, fresh from MBA school. Hurt some investors and quit. I have a suggestion for you only. PM if interested. The 1.21 was actual. Trading profits to cover fees were like 4400.00 6300 in trading gains, great. 4400 in fees, horrible. 1900, I'll take it. Is what it is. The point was, POP for commission, 199.00 for the 1600 is a deal. At a 0.59 per side for 1600 the bill is $1920. Back out the 199.00 and I saved 1720.00. At .59 my side would be 180. Before the buttheads rhyme in, the actual profit was 1945. I stated that somewhere else. Used round numbers, can't find my crayon. So, 20 readings days a month. 12 wins 3 close +/- and 5 losses. TY
Hi TradeEX Do you place market order for entry ? If you how does it attach the bracket order to the ticket (assuming you add bracket order for stop and profit) ? Does it add the stop and profit ticks to the fill price of the entry order ? Thank you
Momentum trading is about speed. I use a market order because it's the fastest way in. My bracket is 2 profit and 4 trailing stop loss. Try it on demo.. If your entry is correct, the bracket starts at 1-5 and moves to 1-4. At 1-4 the trade is even or down 12.50. If you are correct still, the market price will move up to the next level, dragging the trailing stop loss to 1-3. You're now bouncing between even and ahead 12.50. If the price turns against you, you lose 37.50. You need 83% winners to cover losses and fees. This is a high volume strategy so I use 3 contracts per trade with 2k as a minimum margin account. If you do not understand me, could be you or my explanation just try it on demo. Watch what happens with a winning trade and a losing trade. Because this is about speed, I use the ES. The day another contract has consistent higher volume, I'll be switching. Attention novice traders, this, requires the proper entry. I used demo for thousands of hours and market replay at 20% speed for analysis. This same plan lost small amounts at the beginning. Then broke even for months. Then my winning percentage rose above 83% for profit. If you do this and lose the problem is you and lack of know how on how the market flows. I've posted some all green circles. 60 contracts from 30 trades resulting in 56 wins, 4 ties, and zero losses. Some trades were not single tic winners. I currently have two other plays beyond a single tic. Experience requires an investment of time. I do not know a way around it. If you are novice, start by hitting the market order button once per 5 minute bar. Analysis is way to success. What are the circumstances of each win? You should see increasing volume. What are the circumstances around the losses? You should see declining volume. The challenge is Identifying increasing volume. Master that and you will be be successful. This response is for etrade question. If anyone disagrees, please keep it to self. Makes for a better atmosphere. Negative thoughts will hinder you with any endeavour.
This far this week. Beats working for a living. No expensive computer, using Galaxy J 3. Trade anytime, anywhere. On my way to the Great South Bay, striped bass is the prize for that event. Jeep Wrangler with no roof, no doors, and no boss. The American dream? Only time will tell.