Thursday, January 10, 2019 8:06:50 AM
Time frames and repeating patters--why use charts?
There was 30 tick range after the price acton pattern became obvious.
That's $150 potential return per contract.
E-mini futures allows you to trade as few or as many contracts as you may be comfortable with.
An account funded with $500 is the minimum cash required by most brokers to trade 1 contract.
That does not mean that all $500 is at risk when you buy 1 contract.
I personally will risk only $20 (4 ticks) on each YM e-mini trade I make.
I use bracket orders on every trade -- bracket orders automatically place off-setting orders on each fill
which limits my down side whenever a trade goes against me.
Any trade can return $5, $10, $50, $75, $100 or very much more.
My maximum potential loss is 4 ticks (-$20) plus a small commission.
There was 30 tick range after the price acton pattern became obvious.
That's $150 potential return per contract.
E-mini futures allows you to trade as few or as many contracts as you may be comfortable with.
An account funded with $500 is the minimum cash required by most brokers to trade 1 contract.
That does not mean that all $500 is at risk when you buy 1 contract.
I personally will risk only $20 (4 ticks) on each YM e-mini trade I make.
I use bracket orders on every trade -- bracket orders automatically place off-setting orders on each fill
which limits my down side whenever a trade goes against me.
Any trade can return $5, $10, $50, $75, $100 or very much more.
My maximum potential loss is 4 ticks (-$20) plus a small commission.
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