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)
flattened last con at 1395.75 for 20 points -to long a wait for the last 2 points -
overall 48 points banked -if we would have should have could have rode all 6 from 1415 to the final exit for 19 points each 114 would be the total for 18 points of risk
well we got to within 3 ticks of out 1397.25 target -
so after a month of leverage trades 1 thing should be sticking out like a sore thumb
TIMING -its everything when you leverage -
on giant size swing trades you need to be entering long before the move even comes into play
thus on a 1415.75 reversal point
here is how we doit
all levels @ 324 cons divided by 6 traders
1417.50
1417.25
1417.00
1416.75
1416.50
1416.25
1416.00
1415.75
1415.50
1415.25
1415.00
1414.75
1414.50
1414.25
1414.00
all traders enter there lots differently
some do single hits 54 times
some doubles 27 times and so on
this will be the final post on this thread -i hope it showed you dont need to only fire on the edge -but to also get out with profit when the gettin is good ---
i am looking to protect some profit now at the 67.50 area
the area in the text above was the 1267 area -remember we shorted 1415 down to 1267 -
i am now flat as of todays wonderful drag line through the 1402 to 1403 area -
we captured 135 points on 6000 contracts for 40.5 million dollars
but its the percentage % i am always most proud of 30 to 1 risk reward ratio as we had 225 dollars worth of risk at the base of the trade with a 6750 gain for a 3000% return on the risk -
we were very fortunate to have 2 great market turns to do this twice in a row -and what i mean be that is 3000% on the down side and 3000% on the upside
please be advised that this exit is by no means calling the top on this turn we have exited our position as hit hit our target objective
grand total for these trade in excess of 84 million dollars but the 3000% is what i am most proud of -
this is the final post on the thread -what a great day
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005