PureBytes Links
Trading Reference Links
|
Out of curiosity, which formations do you usually base your entries on?
In a message dated 98-09-27 09:50:02 EDT, jfb.nyc@xxxxxxxxxxxxxxxx writes:
> I trade the S&P's using a variation of Joe Ross's technique. It requires
> trading at least 3 contracts. The first contract is exited during the
> initial positive move and "pays the overhead and cost of the trade." The
> second contract is exited at the first congestion area or beginning of a
> retracement. The third contract is left to ride with a wide stop after
> moving the stop to break-even.
>
> While it probably has a lot to do with my trading style, I make most of my
> money from the first two contracts.
>
|