|
Click dates for prior posts.
[Archives, prior months.]
Search entries:
Give your trading a boost:
FibMaster live workshop
& chat!
Live webinars
lessons & seminars.
Video seminars & lessons.
See what other traders say about FibMaster.
Give a little back:
Give someone a hand.
|
[Previous entry: "Market update October 16th"] [Main Index] [Next entry: "How far back to do Fibonacci?"]
10/25/2005 Archived Entry: "Question from a trader."
>Cal wrote:
>
> Neal,
>
> thanks for your course, I am learning a lot. I am in trying to learn how to
> trade the 3 minute s&p emini. my goal is to make an average of 2 to 4
> points a day. Is that realistic? Also, what longer time frame do you like
> best to figure SK's with the 3 minute? I am looking to make maybe 1 to 3
> trades a day if the market allows and earn the maximum average number of
> points that I can for consistant points per day. Last, what profit level
> would you recommend that I shoot for, p1, p2, or p3 for that goal?
>
> Thanks.
>
> Cal Hi Cal, 2-4 points a day is possible (average), but whether is it likely is the real question lol. No way to know until you try it for a while. This is a very personal thing. For 3 min charts, SK's on 5, 15 and 30 min will be good. Keep your eye on the longer term ones though, they can bite! P1 versus P3 depends on how thrusty the market is, and other things that fall into the category of "market conditions". -Neal.
Next page, continue.
|
