Daily MACD is crossing, expecting some choppy selling, not much though,
then on to 3400 next week.
Edited by CLK, 06 February 2020 - 10:45 AM.
Posted 06 February 2020 - 10:45 AM
Daily MACD is crossing, expecting some choppy selling, not much though,
then on to 3400 next week.
Edited by CLK, 06 February 2020 - 10:45 AM.
Posted 06 February 2020 - 11:08 AM
I think the key to successful trading is not using much leverage, unless you are really good at placing stops that don't get hit, don't use them. Instead, use 150k per ES or 15k per MES, trade with the trend, buying oversold hourly and taking profit and wait for another dip. I think it's not unreasonable to net 100 points per month that way, that's a nice living, not trying to get rich quick.
Basically, don't ever sell for a loss, wait for the trend to bail you out. And if you get into a 10% correction, just wait it out.
Edited by CLK, 06 February 2020 - 11:10 AM.
Posted 06 February 2020 - 02:53 PM
Posted 06 February 2020 - 03:52 PM
Yes, cash instruments are safer with a smaller capital requirement. There are probably more trades in the futures market but I agree TQQQ trends very well.
Edited by CLK, 06 February 2020 - 03:52 PM.
Posted 06 February 2020 - 06:19 PM
Posted 08 February 2020 - 09:29 AM
You might be able to position trade the 3x funds and make more over the year, but i like being able to trade the lower time frames 23 hrs a day, if you put up enough money to fully secure the contract to a 90% market retrace, then you don't have to worry about a perfect entry or stop, it's just not worth it going in undercapitalized or with the idea that you are going to trade an ES with 2k and not lose, it just is not going to happen.
Edited by CLK, 08 February 2020 - 09:31 AM.