euribor_tr4der
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Hi,
I trade eurostoxx futures intraday. My trading style is to aim for 5 ticks per day, regardless of the size i am clipping.
I have often found it difficult to get 5 ticks per day in some periods of time. Im a consistent trader and dont have big down days often. A bad down day will mean down 5 ticks, generally its not more than that.
Now I was looking to revise my strategy. Instead of going for 5 ticks, I am going for 3 ticks. Because :-
- 3 ticks is easier to achieve than 5. Therefore greater chance of achieving.
- I am confident there are 3 ticks in the markets every day to be had, whether its a quite day or busy day.
- My down side stop would be 6 ticks, 1 bad day cancels out 2 good days. However i am confident that i can have more up days than down.
- I feel there is more chance of me making 3 ticks than loosing 6 ticks.
- I am a patient trader and wait for my trades instead if jumping in for the sake of it, being selective is a key strength for me. I am able to sit aside and wait for a trading opportunity.
- Eurostoxx is a very liquid market. You can trade up to 200 contracts atleast, without having to adjust your trading style. I clip 20's, so if i am achieveing my 3 tick target every day. Then theoretically it is possible to do it on 50 lots without changing anything.
Does anybody have anything to say about this strategy, or any ammendments I could make to it in order to improve ??
Thanks
I trade eurostoxx futures intraday. My trading style is to aim for 5 ticks per day, regardless of the size i am clipping.
I have often found it difficult to get 5 ticks per day in some periods of time. Im a consistent trader and dont have big down days often. A bad down day will mean down 5 ticks, generally its not more than that.
Now I was looking to revise my strategy. Instead of going for 5 ticks, I am going for 3 ticks. Because :-
- 3 ticks is easier to achieve than 5. Therefore greater chance of achieving.
- I am confident there are 3 ticks in the markets every day to be had, whether its a quite day or busy day.
- My down side stop would be 6 ticks, 1 bad day cancels out 2 good days. However i am confident that i can have more up days than down.
- I feel there is more chance of me making 3 ticks than loosing 6 ticks.
- I am a patient trader and wait for my trades instead if jumping in for the sake of it, being selective is a key strength for me. I am able to sit aside and wait for a trading opportunity.
- Eurostoxx is a very liquid market. You can trade up to 200 contracts atleast, without having to adjust your trading style. I clip 20's, so if i am achieveing my 3 tick target every day. Then theoretically it is possible to do it on 50 lots without changing anything.
Does anybody have anything to say about this strategy, or any ammendments I could make to it in order to improve ??
Thanks
