Hello,
There is a guy who posted a ATM strategy on how to make $1million while only risking $100.00.
I would never try this particular strategy, however, I think a (greatly) scaled down final profit target of say 20k, 30k, 60k, 100k etc (within perhaps 6 to 8 trades w/a 10 tick move in Crude CL) utilizing the correct stop logic could work.
Anyone out there up for formulating a similar (yet more realistic) stop/trailing stop logic to function within a 10 tick move on Crude oil risking ($300) on 3 contracts? Thereby extracting the most profit potential possible out of 10 tick moves in Crude (CL)?
Below is an excerpt from the YouTube video's comments section of a guy who seems to have a handle on the logic of the original trade idea. I'd like to possibly adopt the same trail stop logic (that the commenter suggest) within the lower risk, lower profit target strategy I'd like to explore.
Please let me know if anyone's interested. Feel free to message me. Thanks!
The YouTube comments post:
Trailing stop logic. At my 1, 1, 2, 4 (not his 1, 2, 4) there's only $100 at risk at any point. Let me explain. If it hits the first "1" and drops to the stop, out $100. If it goes up to the second "1" and drops, the first one's stop bumps to break even and out $100. If it goes up to the "2" and drops, the first "1"'s stop bumps to +$100, and the second "1"''s stop bumps to break even, out $100. If it goes up to the final "4" and drops, the first "1"'s stop bumps to +$200, the second "1"'s stop bumps to +$100, and the "2" bumps to break even; out $100.
There is a guy who posted a ATM strategy on how to make $1million while only risking $100.00.
I would never try this particular strategy, however, I think a (greatly) scaled down final profit target of say 20k, 30k, 60k, 100k etc (within perhaps 6 to 8 trades w/a 10 tick move in Crude CL) utilizing the correct stop logic could work.
Anyone out there up for formulating a similar (yet more realistic) stop/trailing stop logic to function within a 10 tick move on Crude oil risking ($300) on 3 contracts? Thereby extracting the most profit potential possible out of 10 tick moves in Crude (CL)?
Below is an excerpt from the YouTube video's comments section of a guy who seems to have a handle on the logic of the original trade idea. I'd like to possibly adopt the same trail stop logic (that the commenter suggest) within the lower risk, lower profit target strategy I'd like to explore.
Please let me know if anyone's interested. Feel free to message me. Thanks!
The YouTube comments post:
Trailing stop logic. At my 1, 1, 2, 4 (not his 1, 2, 4) there's only $100 at risk at any point. Let me explain. If it hits the first "1" and drops to the stop, out $100. If it goes up to the second "1" and drops, the first one's stop bumps to break even and out $100. If it goes up to the "2" and drops, the first "1"'s stop bumps to +$100, and the second "1"''s stop bumps to break even, out $100. If it goes up to the final "4" and drops, the first "1"'s stop bumps to +$200, the second "1"'s stop bumps to +$100, and the "2" bumps to break even; out $100.
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