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Day Trading Futures

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Trader Girl said:
The key is direction which was correct on that trade.
Got stopped before the 30 point drop.
Click to expand...

I realise that, but if your entry is wrong the trade is wrong. Hold any trade long enough and it will probably be right at some stage.
 
nomore4s said:
I realise that, but if your entry is wrong the trade is wrong. Hold any trade long enough and it will probably be right at some stage.
Click to expand...

Esp if you keep averaging down with an infinite cash pile...
 
Yeh but it did the trade,took a loss moved on to the next trade.
No big deal.
I get more wrong than right as my method has me place a B/E stop as soon as I can.
If it doesnt run in my direction long term then Ill be stopped more often than not.
But when it does run Ill get way more than 5 ticks.
 
nomore4s said:
I realise that, but if your entry is wrong the trade is wrong. Hold any trade long enough and it will probably be right at some stage.
Click to expand...

If I get it wrong I get stopped out simple.
The point was that I had the right bias(short) but entry was too soon.
No biggie I move on to the next opportunity.
 
Trader Girl said:
If I get it wrong I get stopped out simple.
The point was that I had the right bias(short) but entry was too soon.
No biggie I move on to the next opportunity.
Click to expand...

I got a long entry at 3974.50 on the XJO & 11047 on the Dow
 

Trading the real market is expensive?

SPI is $25 per tick with each contract costing $5 each way = $10

Your CFD is $20 per tick but it costs you the spread and you think the real market is expensive


TECM said:
I got a long entry at 3974.50 on the XJO & 11047 on the Dow
Click to expand...

 
I trade CFD's with CMC and with a 1 tick (point) spread and $1 per tick per contract I don't understand how that is more expensive than the $25 per tick for the SPI, and no brokerage.
My market - Aus200 - is obviously different to the SPI but I find it's an excellent learning medium rather than simply paper trading with no money at all on the line.
My take on it is that once the contract size increases there will come a point when it will be dearer to trade CFD's - is that getting warm?
Cheers from Auckland where the AB's will be crowned new world champs
 
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