62. Go Fish Entry


 

Go fish has 2 meanings:


1. This is the first time you enter the market. You reach for a good fill price to start your trade-off with. This is also Pillar #2 of the Four Pillars of Success. The starting point is key to set up Pillar #3, the exit price. 


2. Once you go fish, then it's time to improve your position by 50% or more by placing another order X ticks back for X quantity. This is a one-time entry and Go Fish Pro's app handles this process automatically.


Past performance is not necessarily indicative of future results.

We feel that you do not go all in on your first trade, but rather scale into trades and out of trades. GoFish for your first entry price to give yourself a price advantage to start the trade off with. Then if the model is still valid and the market wants to give you even better fill prices, take them in our opinion. 



Next -> More Trade Models

63. Fast Trade Eddie



Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.