Day Trading, Scalping with 1 Contract; FUTURES TRADING, DAX FUTURES
March 7, 2010 by
Filed under futures trading
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7 Responses to “Day Trading, Scalping with 1 Contract; FUTURES TRADING, DAX FUTURES”Speak Your Mind
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always aim for to points profit and 1 point loss.
10 % profits and 5 percent loss.
8 points against 4 points of risk.
only that way you will create wealth.
if for example you risk 5% on losing and aim for 10 percent winnings,
if you have 2 negative trades and only one positive you still have 500 profits.
going 1t1 as the guy explains is forcing you to be 2 wining trades to 1 just to equals the same ammount.
and not every time is achievable.
who is right then?
it is wrong ,you always need to go for the 2 to 1 ratio.only risking 50 and getting 100 in profit works.if you aim to risk 50 and gain 50 you will go broke in days.
going 2t1 you will need to go wrong 7 out of 10 times to start losing money.
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-Joshua Hambleton
Very simple and important information. Very important to put your head in place and in reality. Very good to begin!
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