If you buy a geared instrument and it is not green at the close on the day you buy it.. sell it that same day into the auction... geared products are all about timing and if you got it wrong on day one.. fine chance its not going to get better the next couple of days... If this saves you a fortune..please send comms via electronic bank transfer..
When trading warrents, try to enter the trade, exit at a small profit to cover the trading costs plus a small cushion, re-enter the same trade again before the close of the day - you only pay one trade fee, and you already banked that so the trade is now "free" and you've got a breathing space for any gaps in the wrong direction on the next day open. If there is a gap in the wrong direction, you exit at the gap close. This way, you don't make the losses. If at any time the formula is not working - take a break from trading!
ja, if its wrong its wrong .... and if you gap over-night you'll be more wrong to the power of 6-10, and so you hold and pray, until eventually you can't wait for that coffee .... and then when you back from coffee, the US announced something else that further devistated your trade while you weren't looking.
Agreed!! I've done a few profitable trades like this intra day, intraday trades are few and far between I must admit for my risk profile, but I would not really say it is that much more profitable or better to do it this way. Often a fast change in prices has left me poorer cause I got in again (yes for "free") but at a higher warrant price and the price then drops. A steady rising/falling (depending on trade type) price is better than a wide fluctuating price anyday. Can anyone here say they can time intraday entry & exists even 80% accurately? I have tried with little luck so I time 3-5 day cycles when I can
I dont think I have ever made a profitable trade, that did not end the day I bought it green.. so make it 3 days..my point is simple..you are buying a geared product because the price must rise to profit.. so there must be some momentum in the price for you to buy.