you haven't said the type of trades that you're doing in the first 2 hrs that are winning type trades? on "something to trade after the first two hrs" not something specific and again depends on the individual, but looking at whats trading volume/highest option volume or price drops when the European makets are closing/closed, US (EST) lunchtime lulls & in the last 30 minutes of the trading day
40 financial instruments? Do you trade large-cap stocks? AAPL, AMZN etc? Any small cap? Bonds? Any special raw material or currency?
2:15 EST was the 5 minute trigger bar on a retracement entry (ES) it's already gone 19 points. When and how to trade is a personal decision. Some of us really enjoy trading and a thousand a contract is not a bad way to spend time.
Hi, I follow 28 currency pairs (Forex) and at least 10 to 15 commodities (including the equity indices) on the 15-min charts. It seems like a lot but after a while it becomes routine.
Well, I don't have a fixed profit target if that is what you mean, I lengthen the trade according to what the market transmits to me, for example today I was very slow to open so I closed quite early. I will only trade more if I find a market with momentum after two hours, losing time does not interest me And I want to operate more because I like it! And yes, I am finally consistent, I can say that it is very difficult but not impossible.
understood. yes. ...because if making more money is the outcome expected from the additional activity/time, that may not scale like it could seem. If it's for the enjoyment, well then sure just keep on truckin. It might be a good idea to monitor your P/L by Hour of Day for a while. 1:30 till 3:30 ET can be fun, and 3:30 till 3:59:59 can be a real hoot. You thinking night and AM hours too? There's good times to be had 8:00-10PM, 1:30-3:30AM too. NQ at 6:00PM gets a goose sometimes till 7. Go shop some charts, you'll see. Keep your eye on liquidity/volume, exits can get hairy. Rock Out. What products do you trade now?