TWI
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I know of no book but in my experience it is not good to trade outside your comfort zone. 3 lots in ftse is a good amount if you are starting to scalp. Only once you are comfortable with your technique increase. If you are not comfortable then I would cut back to 1 lot.
How about trading the spreads between indices rather than the index itself. Less volatile and easier to manage.
How about trading the spreads between indices rather than the index itself. Less volatile and easier to manage.
F
ford
Not if you do it 30 times at high volume. But you've obviously got a highly profitable method, how else do you manage to make so many useful posts?
LOLLL JT............... I dont think Herbie is familiar with your startegies............
Herbie, JT is very much into Currency trading and he is right........ the indicies especially the FTSE are out of facshion at the moment.
As far as scalping goes, I certainly wouldnt fancy it !! Very easy to get the 0.5 tic BUT how many Tics are u risking.......
My brother who is very new to trading, was inspired when i told him that u only need a £1000 and managing a consistent 15% return per month compounded will return well over a million in about 3.5 yrs !
Sounds easy ( in THEORY)- and he was thinking that if he could manage just a net 3 pips ( pts) in the Eur/USD, then he would make it.............. BUT i told him that he had overlooked the losses- IT is the LOSSES which will ruin this show........unfortunately the losses are going to be part of the show.
Al
Herbie, JT is very much into Currency trading and he is right........ the indicies especially the FTSE are out of facshion at the moment.
As far as scalping goes, I certainly wouldnt fancy it !! Very easy to get the 0.5 tic BUT how many Tics are u risking.......
My brother who is very new to trading, was inspired when i told him that u only need a £1000 and managing a consistent 15% return per month compounded will return well over a million in about 3.5 yrs !
Sounds easy ( in THEORY)- and he was thinking that if he could manage just a net 3 pips ( pts) in the Eur/USD, then he would make it.............. BUT i told him that he had overlooked the losses- IT is the LOSSES which will ruin this show........unfortunately the losses are going to be part of the show.
Al
Hi ford,
What risk are you taking doing high volume 30 times per day?
What Capital do you need?
Are you balls made of Steel?
My Auto System is averaging > 10 ticks per day from a single trade rising 5 ticks per day.
To me this is much better and far less stressful than doing large size. I'm not even at my PC when it trades...
JonnyT
What risk are you taking doing high volume 30 times per day?
What Capital do you need?
Are you balls made of Steel?
My Auto System is averaging > 10 ticks per day from a single trade rising 5 ticks per day.
To me this is much better and far less stressful than doing large size. I'm not even at my PC when it trades...
JonnyT
TWI
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You guys have scalping all wrong. Most losses are costs alone if you are disciplined. This means that trading 50-100lot clips in a contract can be done relatively safely. The main cost to me is not losses, although they do occur, it is transaction costs on doing many thouands of rt's/month.
Bigbusiness
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There is also an e-mini euro. Has anyone tried that?
