Find your range

A tape reader needs to learn when to execute with market or limit orders. As for market orders, I have more luck with market orders off or near the open. The markets become more efficient as the day progresses though and it is more important to switch to limit orders and to find your range.

As for current conditions, the market will tend to move to lower volume areas when there is greater uncertainty. You have to find your range to pick off these areas with limit orders. Bear markets can trade in a different ways and can be more difficult to trade with limited risk. It is important to keep advised of volatility changes because bigger ranges can throw traders off.



Friday, July 07, 2017 12:14:00 AM


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Risk Disclosure:

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure:

Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.