smallest spread

Trader333

Moderator
Q for Mr Charts

Hi Mr Charts,

Would you be willing to say at what price you entered each of these trades and what price the stop was for each as well. Also would you include the Biogen enrty and exit ? I assume that for Biogen you had a stop of around 12c ? Also do you use Level II ?

Thanks


Paul
 

Mr. Charts

Legendary member
Sure.
ELAB average long fill price 23.50
" " close " 24.52
+$1020 minus $15 commission

SYMC short 40.66 also average fill prices
SYMC covered 40.41
+$250 minus $15

BGEN short 32.27
BGEN covered 32.38
-$110 minus $15
I didn't save the screen dump charts for BGEN but if it's of any help the short was at 14.42.52 and the cover at 14.48.29 so you can check that out on a chart for yourself.


My stops depend on more than one factor and are covered in my coaching. I'm not telling you all my secrets ;-)

I used level 2 on the SYMC trade only, also time and sales.
BGEN was mainly on time and sales.
ELAB was pure momentum based on news; techniques again only available to my trainees ;-)
Hope this all helps.
FWIW I started my pre-market preparation at 1.30 GMT and was finished by 3.30 GMT, though I'll keep checking for any emerging late trend from around 7pm onwards.
 

Naz

Experienced member
Thanks to Mr Charts for showing what Nasdaq traders do all the time.Some who have been on my course have written on this board about gap plays.ie$1200 in 20 mins.

For me you have to be a good level 2 direct access player to do this.But the profits are there to be had.Its just a case of learning.

Who needs to trade the evening when you can do the type of trades shown above.
 
Last edited:
 
Top
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock    No Thanks