63. Fast Trade Eddie


 

Fast Track Eddie -

What it means is we have learned to not go ALL in all any single starting point of a new trade. 

You will have no "game" to handle the money management part of trading by maxing out your position to start the trade off with. No kidding! it is true in our opinion. 

We feel no one can buy the exact bottom tick or sell the top tick, so why try?  

The trade entry advantage is to scale into trades and scale-out of trades. 

The Go Fish Pro app handles this each time and can be adjusted any time during the life of a current position trade. 

Our Go Fish Pro model states to stay within X points of the last trade and you have good odds of coming out of any trade with a positive result in our opinion. 

Note: Past performance does not mean the same future results. Trade at your own risk. This model is presented because this is how we approach the market and it has shown good results. 

We have found the following to work to stay within X points:

  • ES = 10 points
  • NQ and YM = 50 to 60 points

Past performance is not necessarily indicative of future results.



Next -> More Trade Models 

64. New Bar New Story



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.