I was wondering if anyone else has been trying Erich's idea
of trading for $50 bills, as He has been doing in His webinars?
I have been trying it since watching the first webinar,
using about $100 stop or just abo the pivot.
So far My success has been quite limited as stop loss
exceeds profits.
Why is it so hard to grab 4 tics in this market?
Entrys are subjective, and I start to 2nd guess myself after
losses, therefor haven't had success inthis method.
I see many swings add up to $200-250,
so it would seem a trailing stop would benefit some.
But then, as I said, even 4 tic profit objective seem elusive.
I would like to know how others are doing with this.
Thanks Erich for your webinars,and your efforts to share,
I enjoy them,
altho I think they need to be 2-3 hours long.
BTW, I see You are trading Naked.
I've been thinking about that,
But my office is in the basement,
and its kinda cool down here,
I'd probably freeze up.
lol
thanks
blu