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newportbeachdude
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Everything posted by newportbeachdude
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If You Didn't Need the Money Would You Still Trade?
newportbeachdude replied to TradeRunner's topic in General Discussion
No way. Only to risk blowing it all away?? -
Walk away right now. Just some advice
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There is no slippage on the bid/ask spread as there is a CL calendar spread market. One click of the button and you have the spread on at the price you wanted to buy or sell. Trading without a chart can be a blessing and a curse. Calendar spread trading does not rely much on chart trading but rather what the spot month is doing and where the real orders are in the spread market (at least when you are only trying to scalp a few cents here and there). My typical trading day is about 800-1300 lots round-turn which obviously ends up being a lot of commish. The goal is to risk 2 cents at the most in order to make 1-4 ticks many times throughout the day.
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I currently trade with no charts. Our group focuses on CL Calendar spreads looking to scalp a few cents many many times during the day on 15-30 lots each time and maybe catch a 7-20 tick directional move. CL calendar spreads are great to trade as its really about price action.