Hey Kerry
A few weeks a ago you posted a couple of questions from one of your clients (Dan) regarding trading the opening gap. I really got a lot from these postings and since last Monday have successfully traded the Australia 200 Cash $5mini contract gap opening every morning I've had the opportunity. I'm making $50 - $150 in 6 - 12 minutes. I'll begin trading 2 contracts this week and as I feel my competence and confidence improve I'll increase my position to 3 contracts in the coming weeks. This has had the positive effect on my swing trend trades in the last week also. You never know when you post something on the blog just how it may influence another trader.
Ryan
Five Trading Steps
- 1. Define risk
- 2. Define a trade style that matches personaility and beliefs
- 3. Define one or two strategies for choice of style
- 4. Back test and forard test method
- 5. Trade with partial risk and earn the right to increase risk.
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