Risk vs. Reward using The Tick Trader Day Trading Course
As I stated last week, I had some family issues I had to deal with so I was unable to post any blogposts. I am back in full force and I decided to do a video (with today’s results) and quickly discuss the risk vs reward using our Emini Trading System. We receive a lot of emails asking about the R/R. I think there is a little confusion about this issue so I hope this video, and blog post address it.
I have been touting and proving my system for years now. I always state “One ES point a day is all you need…..” Well it’s TRUE! I mean, simple math, right? $50 per contract IS income. If you are trading 20 contracts, that’s $1000 before commission. BUT – we do trade for more than 1 point a day, on most days.
Let me give you a quick illustration. On my NinjaDom I use 8/8 for Stop/Profit. I automatically adjust to B/E after 4 ticks of positive price movement. I then look at conviction of the market to determine whether or not to stay in for more than 1 point. Today we had a SWEET One and Done trade – a Normal System Entry, coming out of No-Zone. This trade was an EASY 8 tick winner. Remember, our initial stop loss on most trades is 2 points, but we quickly move that to break even. Also, again, if the market is “moving” we will take more than 1 point out of the trade.
In fact, we see several Super EET trades throughout the day deliver 8+ ticks per trade!
Hope this clears this topic up – feel free to email me if you have any questions.
Cheers
David Marsh
Risk vs. Reward using The Tick Trader Day Trading Course
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