not entirely sure what you mean, if you mean that will it simply
scale into the position while prices work higher vs waiting for a
reversal, yes basically. The pro version of course has the
benefit of being able to trade intra day volatility to aggressively
scale out of positions so it can enter a trend too early but still
make money by taking aggressive profits and reducing position
size.
alas the old saying "it takes money to make money" is true, have
to be well off to trade that system by yourself with all those
contracts, most can't do it, and why best for hedge fund or rich
guys like Steve here
Steve trades 100 ES contracts in his
sleep
I have been doing the same thing manually (selling high and
covering bits lower) along this trade myself. This strategy works.
I am doing this in small bits, but I might be able to sell a third
ES contract at my target point (I will sell my second ES mini
contract today EOD). Thanks for your input!
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not entirely sure what you
ES bounced right off the 5 EMA
Posted by matt on 7th of Oct 2015 at 10:43 am
not entirely sure what you mean, if you mean that will it simply scale into the position while prices work higher vs waiting for a reversal, yes basically. The pro version of course has the benefit of being able to trade intra day volatility to aggressively scale out of positions so it can enter a trend too early but still make money by taking aggressive profits and reducing position size.
alas the old saying "it takes money to make money" is true, have to be well off to trade that system by yourself with all those contracts, most can't do it, and why best for hedge fund or rich guys like Steve here
Steve trades 100 ES contracts in his
sleep
I have been doing the
Posted by junkie on 7th of Oct 2015 at 10:57 am
I have been doing the same thing manually (selling high and covering bits lower) along this trade myself. This strategy works. I am doing this in small bits, but I might be able to sell a third ES contract at my target point (I will sell my second ES mini contract today EOD). Thanks for your input!