Oh.. so your strategy is go in at the entry price, if down 3 ticks, sell. I don't really quite understand these 3 points..
3) Do not chase to enter a stock if you have missed the preset entry price by 2 bits or above. (if entry price is 0.5, i missed and it went 0.52, then i don't enter right?)
4) Do not enter a stock if the price passed the preset price by more than 2 bits and falls back to the preset price. (What does this means? the entry price is 0.5, is gone up to 0.52, then went back to 0.50, so i don't enter?)
5) The units which you enter must allow you to make profit in 1 bit. Suggest to get for the cheapest brokerage fee. (this? it means, if you have limited budget, then you can only aim for those with lower entry price which allows you to make profit in 1 bit right?)
Yes, if drop 3 ticks from the entry price preferably sell off. This is optional, u may set 2 ticks to sell if u consider 2 ticks are the max risk u would like to bear.
3) If entry is 0.50, 2 bits are 0.51. So prefer not to enter at 0.515 of higher.
4) Yes, that's right.
5) Yes, that's right. Because we could be trading very short term. Once the signal turns weak we will have to get out fast.
What is the meaning of failed.
ReplyDeleteIt means hit the entry price but does not go further up
ReplyDeleteOh.. so your strategy is go in at the entry price, if down 3 ticks, sell.
ReplyDeleteI don't really quite understand these 3 points..
3) Do not chase to enter a stock if you have missed the preset entry price by 2 bits or above. (if entry price is 0.5, i missed and it went 0.52, then i don't enter right?)
4) Do not enter a stock if the price passed the preset price by more than 2 bits and falls back to the preset price. (What does this means? the entry price is 0.5, is gone up to 0.52, then went back to 0.50, so i don't enter?)
5) The units which you enter must allow you to make profit in 1 bit. Suggest to get for the cheapest brokerage fee. (this? it means, if you have limited budget, then you can only aim for those with lower entry price which allows you to make profit in 1 bit right?)
Correct me if I am wrong, thanks.
Hi Da Style Lover,
ReplyDeleteYes, if drop 3 ticks from the entry price preferably sell off. This is optional, u may set 2 ticks to sell if u consider 2 ticks are the max risk u would like to bear.
3) If entry is 0.50, 2 bits are 0.51. So prefer not to enter at 0.515 of higher.
4) Yes, that's right.
5) Yes, that's right. Because we could be trading very short term. Once the signal turns weak we will have to get out fast.
Hope that answer your question. Thanks
Thanks. How do we see and know whether the signal has gone weak. Where should we look into? Thanks.
ReplyDeleteI use real time chart to monitor.
ReplyDelete