Day Trading Futures

[Trader Girl]

Short again @ 3968

 

[Trader Girl]

Short again @ 3968

stopped on my short @ 3978 -10.

 

[Trader Girl]

stopped on my short @ 3978 -10.

Had a feeling trade was right ... but rules are rules!

 

[Trader Girl]

Re-sold Spi @ 3971

 

[Trader Girl]

Re-sold Spi @ 3971

Covered short from 3971 @ 3965

 

[nomore4s]

Had a feeling trade was right ... but rules are rules!

It wasn't right though, it was 10 points early!

 

[Trader Girl]

It wasn't right though, it was 10 points early!

The key is direction which was correct on that trade.
Got stopped before the 30 point drop.

 

[nomore4s]

The key is direction which was correct on that trade.
Got stopped before the 30 point drop.

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.

 

[skc]

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.

Esp if you keep averaging down with an infinite cash pile...

 

[tech/a]

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.

 

[Trader Girl]

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.

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.

 

[TECM]

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.

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

 

[tech/a]

Oh great I'll Pm m you for immediate subscription.

 

[nomore4s]

OK so you are going into the real market not with a market maker. Isn't that rather expensive?

I'm just curious that is all because I trade with CFD's and it only costs me a little over $20 a 1 point move for 1 contract.

I'd be interested to learn what other traders are using.

TIA

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

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

 

[Trader Girl]

Sold the Spi @ 4022

 

[Trader Girl]

Sold the Spi @ 4022

Covered short from 4022 @ 4015

 

[Trader Girl]

Sold again @ 4029

 

[nomore4s]

Covered short from 4022 @ 4015

There's been good rallies all day, yet you've gone short every trade. Why constantly fight today's trend?

Plenty of opportunities to go both long and short today.

 

[Trader Girl]

Sold again @ 4029

Covered short from 4029 @ 4024

 

[georgey]

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