Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
give to @kaltrax he is the one who lost and lived it live while I just stated observation.
You give medals to those who fight the war, not the ones who wrote the strategy.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Got a 16 tick slippage on a stop that was working at the exchange on the full size GC contract, during London (liquid) market hours two nights ago, FWIW. Can't imagine what a smaller contract would have gotten.
I was traded GC and Platinum spreads at 2006, whith a good results and sometimes i was traded Gold spreads whith 2 diff months. At this time inter-comm. margin was only 50$ and it was far better open an spread if your strategy needs more than 1 day.
Slippage like that is too much for my small account. I shure would like to surf one of those big GOld waves one day.
I stay out of even the more liquid markets during news. I was warned in a couple of books. But on my third day of live trading I clicked buy market in a surge in the ES and my order was filled splitseconds later 6 points above my intended entry point..... At the top. I retraced almost as fast. i was using a mental stop and my mental stop got jumped by 12+ ticks and I puked out. Then it went back in my original direction for what would have been a profit had I taken the heat.
I learned 3 lessons that day. ..........For the price of one.
I don't know of any other way to make progress in any field without the above.
Matt
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Hi, FOp ...actually not. But it's easy if you make position trading, only starts whith an profitable position and before close the market or when you see a good momentum at your side , open spread.
There is more but it's a very big theme (cover your spread whith an option and make it a more complex) etc. etc....