Francis! I am commenting within the first 30 minutes. Yay! I never get to see your material so quickly. That's like winning a jackpot in my eyes.
I think I'm starting to get this now. Basically you made $44.18 in 30 minutes and if we take your small donation to the cornfield out of the equation, approximately $41 in the black.
How am I doing?
@rebeccaryan
Add one more over the top qualifications about you. You are a mathematician too. Ha
I love going to the casino. I just don't like the time that it keeps me away from my trading.
Did I solve the problem? Hmmm
Check back later. lol
Thank you for remembering the "cornfield casino gambler."
I now have many names. Just use one that comes to mind.
Oh, I was wondering why the markets didn't move much today.
It could be because of this?
Please note that our office is closed on Thursday and Friday due to the Holiday of Rosh Hashanah
The Next Update is scheduled for Monday, September 25, 2017. (Charles Nenner)
I watch the movement and range closely. It gives me some advantage to know.
Francis
Does each completed trade always pay-out the same gross $50 or, is this a percentage of the amount you sell at ?
More importantly, did Pat get to buy new shoes?
Please say hello to her from us in the North. ;)
One point in the "ES" market equals $50 dollars.
(And you can stay in your trade as long as you want to add more points to the trade.)
That is also (4 ticks).
Each tick of movement is $12.50
So 4 ticks in the "ES" equals $50 dollars. 12.50 x 4 = $50 dollars.
My target for the day would normally be (8 ticks) or $100 dollars.
Take out of that commission of course.
Each market or futures trade is a contract. Contracts vary among the various markets.
For now. I trade one contract. Later. When I get more confidence. I will trade two, three or maybe more at a time.
That is where the dollar account value goes up if you get the trade right.
If wrong.
The same negative account balance shows. Ugh on that. Ha
No shoes this trip. She was a happy person though. Some green always helps.
But just being victorious get us happy. lol
Thank you for the greetings for her. I will surely tell her.
Francis