Disliked{quote} Hi Hline! Everything is great and right besides your trading volume- it is too small for this ideal situation. Why the situation is ideal- because you have a point in the DOM to close your trade with the smallest loss which is possible. Anyway you worked out this situation ideally when closed your trade on a participant's volume. Even you didn't earn money - this is ONE PERFECT TRADE. Keep it up! As about to put or not Stop loss order, it is up to you. Personally I use it very very rare, because I always manage anyone of my trades, and closing...Ignored
Thanks for replying. I think most is clear, thanks!
So for the ideal situations (high volume with tight sl) its best to increase the lotsize by using the double or something.
My current balance is only $20 so probably i will end up using 0.20 then.
What i was curious about in the beginning of the thread you mentioned that you (anyone wanting to achive that) could easily double or triple a small account by
using high volume setups like 50 times a day. If one wants to achive that, with a small account like my $20, shouldnt i bump up my initial lots a lot?
So like using 5 or 10 times the initial risk?
And is it me or some assets dont have any real high volume in the DOM?
If you take AXS for example (see below) you have no real high volume compared to the other levels and historical ones. The yellow one marked moves down along with the price so is never reached, then the other ones are only 1800. Of course its saturday (im not trading) but i never noticed any real high volume?
How do you go about this? Do you have some alert which tells you when high volume comes up or you continually monitor it?
Going to do some more studying, have a great weekend!