If you risk 20-25 pips and go for .02+ trades you could do really well. You might get stopped out quite a bit but your losers are going to be very small compared to your winners.
Obviously this is not tested and I'll find out how well it works over time but seems like an idea worth trying out.
BINGO. THIS STRATEGY HAS ALREADY BEEN TESTED. IT'S CALLED PROFESSIONAL TRADING. IN TRADING LIKE THAT...YOU ONLY NEED TO BE RIGHT LESS THAN 30% OF THE TIME TO BREAK EVEN AS LONG AS YOU RISK A DOLLAR TO MAKE 4 DOLLARS. AND IF YOU'RE RIGHT 50 TO 60% OF THE TIME...YOU'LL MAKE A KILLING.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.