I prefer to not set targets in fixed number of points but according to particular price action. Then I determine SL level. And given my capital and risk per trade I calculate point size. E.g. if my capital is 10k and I risk 2% then my max loss per trade is 200. So if I see a reasonable SL level is 50 points away, then my point size is 4. TP level is dynamic based on price action too.
I scalp the ES on 5 minute. It just depends on the volatility. Most days I shoot for 4 or 8 ticks per trade. High volatility days I'll shoot for 12 and on rare occasion 16.
Ye but the bigger the fish, the more likely something fundamental may harm your position... imagine they didn't sign the Brexit deal, or what ever.... it's a pity because sometimes you have nice trends, on several days. Also it's hard to see the beginning of a huge move... EURUSD ? something is on the way since 15th Dec... but....
264k subscribers on this channel, as its spreadbet most are UK residents. If all channels have near this many subscribers and 20% make money and 80% lose money and end up in job centers, what will the regulators will have to do???
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @). 👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
Simple he assumed you are a day trader i.e he divided the time you hold the stock by 2 and thus each result is also divided by 2 including the stop loss to 10 pips, so when you sum all of them it will again make the sum half ( by taking 2 common ) and thus 26 becomes 13
Number of pips per trade, or day etc is of NO IMPORTANCE!!!!!!!ç pips are pips, not money. The MONEY RISKED x PIP is what matters. I could show any and each one of you a 1000 pip winning week - while (secretly), only risking a tiny bit of money. FORGET ABOUT PIPS. START THINKING ABOUT ACTUAL FINANCIAL RESULTS make this month¨?)
I prefer to not set targets in fixed number of points but according to particular price action. Then I determine SL level. And given my capital and risk per trade I calculate point size. E.g. if my capital is 10k and I risk 2% then my max loss per trade is 200. So if I see a reasonable SL level is 50 points away, then my point size is 4. TP level is dynamic based on price action too.
I scalp the ES on 5 minute. It just depends on the volatility. Most days I shoot for 4 or 8 ticks per trade. High volatility days I'll shoot for 12 and on rare occasion 16.
Trade commissions might be killing your portfolio
Hey just a taught, why not use leverage vs more pips? given this will massively increase your win rate by a mile
Maybe high frequency trades are not advisable given the NET the trade commissions and fees will kill any significant gains to make it a mediocre setup
Disliking any of these videos should be a crime.
Ye but the bigger the fish, the more likely something fundamental may harm your position... imagine they didn't sign the Brexit deal, or what ever.... it's a pity because sometimes you have nice trends, on several days. Also it's hard to see the beginning of a huge move... EURUSD ? something is on the way since 15th Dec... but....
This was really helpful
264k subscribers on this channel, as its spreadbet most are UK residents. If all channels have near this many subscribers and 20% make money and 80% lose money and end up in job centers, what will the regulators will have to do???
No one is forcing losing traders to trade
I make average 40 pips .
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
Great vid!
Thank you
I didn't understand how expectancy went from 26 pips to 13, other than that, great video as always.
Simple he assumed you are a day trader i.e he divided the time you hold the stock by 2 and thus each result is also divided by 2 including the stop loss to 10 pips, so when you sum all of them it will again make the sum half ( by taking 2 common ) and thus 26 becomes 13
For the algorithm 🤓🥳💪👏🤙🤔😎
Number of pips per trade, or day etc is of NO IMPORTANCE!!!!!!!ç
pips are pips, not money.
The MONEY RISKED x PIP is what matters.
I could show any and each one of you a 1000 pip winning week - while (secretly), only risking a tiny bit of money.
FORGET ABOUT PIPS.
START THINKING ABOUT ACTUAL FINANCIAL RESULTS
make this month¨?)