👉 Trade with our Recommended Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money. 👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @). 👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
At the end of the day,you just want a piece of the movement.....if it trends long or short 300/500pips,using a limit order for a 100 pips....your target will be hit more regularly without being greedy.......i would rather win 100pips per day 4/5 times per week,than hit 200pips once per week....so hitting achievable targets should be your focus,not waiting for the fortnightly breakout etc....Using limit orders should be your target,i usually set my limit order before new york open,then go to bed....i wake up after new york close and regularly see my target hit....at the end of the day,my limit order works as an automatic bank deposit while im asleep.....it also takes emotion out of my trade....
I still need to master so many things with this. Two bets this week has killed me. Carnival and Nvidia completely went the opposite direction when I went in Long. Threw the towel in with Carnival when it hit £200 loss. Nvidia is still in as i expect it to rally next week. I’m trying to forecast sentiment with specific companies each week when they release financial reports. Its not an easy skill. I am £250 up for the month though. So, just trying to stay positive and remind myself tomorrow is another day. Im still not 100% sure how to utilise limit orders. How exactly do you know where to set it? If you want to go long and set a limit order below the current market price, you’ll be in a loss if it keeps going down. Only when it goes up will you get into profit. Is it a simple case of putting a stop loss far enough down that’ll get you out of the bet? But hoping the price will rebound back up before the SL? I’m more keen on putting stop entry orders in at the minute when the price moves in a certain direction. There’s so much to learn. But thank you for your content. 👍
👉 Trade with our Recommended Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
At the end of the day,you just want a piece of the movement.....if it trends long or short 300/500pips,using a limit order for a 100 pips....your target will be hit more regularly without being greedy.......i would rather win 100pips per day 4/5 times per week,than hit 200pips once per week....so hitting achievable targets should be your focus,not waiting for the fortnightly breakout etc....Using limit orders should be your target,i usually set my limit order before new york open,then go to bed....i wake up after new york close and regularly see my target hit....at the end of the day,my limit order works as an automatic bank deposit while im asleep.....it also takes emotion out of my trade....
Sounds like a great strategy!
Is there any more to it? Are you running a OCO set up or do you pre plan a direction?
I’m a scalper and I only use limit orders with the 20% variance to make sure my orders get filled. I have never used a stop loss.
I still need to master so many things with this. Two bets this week has killed me. Carnival and Nvidia completely went the opposite direction when I went in Long. Threw the towel in with Carnival when it hit £200 loss. Nvidia is still in as i expect it to rally next week. I’m trying to forecast sentiment with specific companies each week when they release financial reports. Its not an easy skill. I am £250 up for the month though. So, just trying to stay positive and remind myself tomorrow is another day.
Im still not 100% sure how to utilise limit orders. How exactly do you know where to set it? If you want to go long and set a limit order below the current market price, you’ll be in a loss if it keeps going down. Only when it goes up will you get into profit. Is it a simple case of putting a stop loss far enough down that’ll get you out of the bet? But hoping the price will rebound back up before the SL?
I’m more keen on putting stop entry orders in at the minute when the price moves in a certain direction. There’s so much to learn. But thank you for your content. 👍
I only use limit orders.
The main problem with limit orders are spreads
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