To increase your account, 3 good trades is all you need for one trading session. The binary signals subscription provided them this morning.
3 Good Trades Is All You Need
The binary signals issued two really nice trades for the market opening. The trades were on the Dow Jones and the Nasdaq (e-minis). Ironically, the Dow signal was a short and the Nasdaq was a long. I typically do not trade the indices against each other but I opted to take the signals anyway.
The risk on the Dow Jones trade was $46. The risk on the Nasdaq trade was $49.50. The Nasdaq trade had an expiration at 10 am and the Dow trade an expiration at 11am.
Additionally, a buy signal was issued on Crude, as well. However, with the market report due out at 10:30am New York time, I anticipated a strong movement down that would retrace once the report came out. So I waited for the down move and then entered an out of the money at the signal price. The risk on the Crude trade was only $21.50. For those that are in the Skype room (you have to subscribe to the signals and have the indicators to participate in Skype), the entry was about $18.
I took profits the following profits on all three trades:
- Nasdaq $34 per contract
- Dow Jones $36.25 per contract
- Crude Light $45.25 per contract
The chart below shows the initial risk per contract in white and the profit per contract in light green. Exchange fees are only $1.80 roundtrip if trading less than 10 contracts or capped at $18 roundtrip if trading more than 10 contracts.
After the three trades, I stopped and advised others in the Skype room to stop as well. We made money – plain and simple. Why risk losing the profits we made? There was no reason. To steadily increase your account, 3 good trades is all you need day in and day out.