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)
I am going to go bigger and bigger all day building off my last 2 days gain of over 1100. As I build up with more positions I will reduce my total per unit gain.
I.e. on a 1 lot I may offset at 300 gain
2 lot 200
3 lot 150
10 lot 70 etc.
This way my duration should be shorter but my overall gains larger.
I'm buying dips and selling rallies that's all I'm doing
The question is..are my values say 510 gain in points
And what value is each point
If each point is a dollar then I just made 510 dollars on this trade
If 10 per point I made 5100 dollars
If 10 cents a point then I made 51 dollars.
It could be 51,000 if the qty was high enough but this is gross so slippage fees etc would cut into that huge so it is not 51,000 dollars I assure you of that but it's not 51 dollars either. Somewhere in between
Drawdown on this trade set day trade right now is 600. I will add up to 5 more down here but going to be very patient and wait for a lower price. If I can get out of most of this at break even or slight loss I will be happy