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Re: Homework
By:Erich (vendor, CTA)
Date: Wednesday, 29 December 2004, 7:45 pm
In Response To: Re: Homework (Dino Dave)

Acutally David you hit it right on the ole noggin. There's nothing I can do to improve your logic. I actually figured using three markets, but the idea is the same, where you become CONSISTENT in a small number of markets, looking to capture a small but CONSISTENT profit and then using multiples to beef up the profits.

Slow and steady, that's the key. Accomplished traders will come right out of the gate trading four or five contracts at a time; however the small trader has to work up to it. Beginning with that much leverage will wipe out most small traders before they ever get started. Small traders don't have the nerve yet to trade that much money...just keep breaking it down into the smaller amounts to keep your perspective.

Just as an aside, I did a quick calculation, and the ezine trades (and nightly updates) had a gross profit of over $30K in just eight months and that's just using single contracts! It's easy to see how you can reach the objective by trading three or four contracts at a time. The power is in the multiples...just be careful not to get too much power before you're ready for it!

Erich
http://www.tradershelpingtraders.net
http://www.supportandresistance.com

Messages In This Thread

Homework
Brian B. -- Sunday, 19 December 2004, 1:49 pm
Re: Homework
John -- Sunday, 19 December 2004, 7:30 pm
Re: Homework *LINK*
Brian B. -- Sunday, 19 December 2004, 9:23 pm
Re: Homework
Dino Dave -- Monday, 20 December 2004, 11:27 am
Re: Homework
Erich (vendor, CTA) -- Monday, 20 December 2004, 8:39 pm
Re: Homework
Dino Dave -- Monday, 20 December 2004, 9:00 pm
Re: Homework
Spike -- Monday, 20 December 2004, 9:49 pm
Re: Homework
Erich (vendor, CTA) -- Wednesday, 29 December 2004, 7:45 pm
Re: Homework
Dino Dave -- Wednesday, 29 December 2004, 7:56 pm
Re: Homework
NS Scott -- Wednesday, 29 December 2004, 9:01 pm
Re: Homework
Erich (vendor, CTA) -- Monday, 20 December 2004, 8:37 pm