When I trade futures if they drop really hard on stacked red like this, I will take some gains. Those really big drops retrace and I can usually set a sell limit higher and re-enter well. Very short term tactic. If I don’t get filled, no worries, I will just have to wait for follow thru and I can usually catch an even bigger move. That is why I pull my bid if not fill quickly.
Continue ReadingAll posts
Questions January 19, 2007