On Sept 19th I posted..............
8:58 am est
order entered= buy 3 cz @ 372.25
If filled sell 3 cz @365.25 Risk 7 cts ($ 350.00 x 3 ) Spike always said "Tight Stops."
If it fills the gap I will be happy. If it goes to the moon i will be tickled pink. If it goes down I lose a grand.
About 40% of the time my way of trading works 100% of the time. Notice I didn't say system.
I got stopped out of my trade.
I sold 1 contract @ 386.00 and moved the sell stop to 373.00 on 2 remaining contracts.
On the morning of Oct 2nd I moved the sell stop to 384.00 to preserve some of the last two days moves.
13.75 cts on 1
$1862.50 in 15 calendar days