Posted by jasonpuuri on 3rd of Feb 2011 at 03:40 pm
10% on one trade! thats huge if your trade with a 10% loss on
your entire portfolio then you better not be wrong more than two
times in a row or your BROKE!
One dow futures contract = $100. For each point the market goes
up you make $1. So it went up 45 points=$45(margin was $100). If
you bought 10 contracts it is $450 profit.
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Indu5, buying of support...
Posted by kobie on 3rd of Feb 2011 at 02:04 pm
Bounce of the 50MA and trendline and reversal candle. Stop= breaking of trendline. So you are basically risking 5 points(risk to reward low).
Indu5, if you bought of support you should be in the money now(10% return on capital).
Posted by kobie on 3rd of Feb 2011 at 02:26 pm
Now its a matter of managing the trade. Offload some ... and with the trendline as your stop you should not loose anything on this trade!
(the trendline=your friend)
Indu5,awesome trade! .....45% return on capital.
Posted by kobie on 3rd of Feb 2011 at 03:19 pm
nice charts
Posted by jasonpuuri on 3rd of Feb 2011 at 03:42 pm
good trade enough to make some money especially on a double etf.
wow i fu traded with 100k, u made 45k in one day.
Posted by onoffon on 3rd of Feb 2011 at 03:23 pm
onoffon, dont risk more than 10% of your account on a single trade!
Posted by kobie on 3rd of Feb 2011 at 03:28 pm
10%
Posted by jasonpuuri on 3rd of Feb 2011 at 03:40 pm
10% on one trade! thats huge if your trade with a 10% loss on your entire portfolio then you better not be wrong more than two times in a row or your BROKE!
jasonpuuri, sorry that was a mistake, it should be 1% !!!
Posted by kobie on 3rd of Feb 2011 at 04:01 pm
Dont risk more than 1% of your account on a single trade.
how
Posted by jasonpuuri on 3rd of Feb 2011 at 03:37 pm
how does this trade add up to a 45% gain? Are you talking pro reated for a year or what 45k in one day what r u talking about?
jassonpuuri, its 45% on a futures trade.
Posted by kobie on 3rd of Feb 2011 at 04:09 pm
One dow futures contract = $100. For each point the market goes up you make $1. So it went up 45 points=$45(margin was $100). If you bought 10 contracts it is $450 profit.