What do you think method of taking 2 ticks per trade

Discussion in 'Index Futures' started by shots fired, Dec 27, 2014.

  1. Bad_Badness

    Bad_Badness

    Yeah to Maxinger. a four tick loss plus spread and commissions will add up quickly. So really he is talking 5.3 tick loss to a 0.7 tick gain. What could go wrong?

    2 ticks imo is too small because you pay 1 tick for entry and about .3 ticks in comms. Absolute percentages matter.... Also it is not as if ES moves a small number of ticks per minute or hour. There is a sweet spot of trimming gains relative to commissions, spread and risk. 2 ticks is a bit like saying you should eat your bait instead of fishing with it.
     
    #31     Dec 11, 2020
    Brookwood likes this.
  2. Turveyd

    Turveyd

    Aren't commisions not far off 2 ticks? So +$25 - comms per trade, fair play for living on $75 - comms.
     
    #32     Dec 12, 2020
    murray t turtle likes this.
  3. maxinger

    maxinger

    A reward risk ratio of 1:2 is extremely bad. It simply means the newbie trader is still struggling.

    He probably started with rr ratio of 2:1.

    Then it degraded to 1:1 and further degraded to 1:2 to 1:5 to 1:10 to...
     
    #33     Dec 12, 2020
  4. %%
    Prefer more than 2 ticks;
    but most anything can work in as bull market uptrend.I can eat like a king on 20% hit rate for fast flying doves doVes.
    Have also a plan b\ because ''almost never have a losing trade''=small sample.
     
    #34     Dec 14, 2020
    Irina2021 likes this.
  5. Sounds awful on many levels. Done for the day, you have edge or you don’t.
     
    #35     Jan 14, 2021