Velocity Trader DAX Journal

Discussion in 'Index Futures' started by GoodTrades, Dec 5, 2003.

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  1. BStrader

    BStrader

    FDAX/NQ are great vehicles for scalping.Whith watching L2/DOM you can very easy see where the price want to go.No hard to make a few thousand,depend how much contract you want to play.
     
    #81     Dec 6, 2003
  2. I don't keep my log files from Trading Technologies. But I will make sure I copy them on Monday and will post them then. Will that do?
     
    #82     Dec 6, 2003
  3. BStrader

    BStrader

    OK,I thought Man is only online.Than they are good enough for that also.:cool:
     
    #83     Dec 6, 2003
  4. BStrader

    BStrader

    btw,they call me twice a week if I open by them account or not yet LOL.Great support,great offer of their product.
     
    #84     Dec 6, 2003
  5. That'll be great. Post the trades and I'll annotate a chart.
     
    #85     Dec 6, 2003
  6. Thanks you guys....

    Michael B.


     
    #86     Dec 6, 2003
  7. I think that anyone starting out trading shouldn't risk more then 2% of there capital in a given trade. However as you get more experienced and build a cusion of profits I don't think it is unreasonable to take that a little higher. However if you experience a draw down should lower his risk per trade.


    For scalping I don't think anyone should risk 2% a trade, I risk about .25% - .5%. But if you play for larger moves and are in trades a longer time I would use the 2% rule and up it as you become more successful, and cut it back durring draw downs.

    For scalping I would use a 5% of capital cut as a daily loss limit. I would never want to exceed that.
     
    #87     Dec 6, 2003
  8. Yes that does happen frequently. That is a good point to make to beginners.
     
    #88     Dec 6, 2003
  9. My worst draw dawn pt. scalping over the last 3 years has been about $25K. Although in my first couple years trading I did some stupid stuff and had bigger losses then that in a day.

    I started out as more of an intra day position trader(first couple years) and evolved into a scalper. It suits my personality better.
     
    #89     Dec 6, 2003
  10. dpanic

    dpanic

     
    #90     Dec 6, 2003
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