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tradethetick,
Pardon my ignorance but are these live trades with real $? I'm asking because how do you deal with spread at such low timeframes? I see a lot of times you are profiting 5 ticks a trade, that's almost the entire spread! There's must be a piece of the puzzle I'm missing.
I'm new to trading so just trying to make sense out of things.
Yes it is real money and they are live trades. My cost is around a 1/2 tick ($4.50). I'm not sure how much you're paying in commission but if it is 5 ticks (about $50) I would find another broker for futures.
So far I am at +44 ticks which is about $440 per 1 lot. I have traded 39 times at a commission of around $175.50. The net after commission is approximately +$264.50. Not the best month.
This month had a very strange 3rd week. The 4 days after the Columbus Day were very choppy and sporadic. I think if I had 4 normal weeks I would have been closer to +70 ticks. My short term goal with this method is +88 ticks per month with 44 trades.