Month: October 2019
The following article on futures trading scalping strategies is the opinion of Optimus Futures.
Scalping is a trading strategy that involves capturing profits from small price movements–as small as one to a few ticks. In order to make a profit, you often have to execute a substantial amount of trades a day. It isn’t uncommon for scalpers to make anywhere from ten to a hundred trades a day as each individual scalp trade typically generates a minuscule profit.
While scalping sounds good in theory, it comes with some caveats:
Since you must carry out a large number of trades, the transaction costs from fees and commissions can eat up a lot of your
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S&P 500 Futures—The S&P 500 in the December contract is up 16 points at 3004 as prices are right near a 4 week high as I’m keeping a close eye on a bullish position once the chart structure improves in the coming days ahead. If you take a look at the daily chart the 10-day low stands at 2881 as…Read More
What do traders mean when they talk about seasonality and its effects on commodity prices? The definition of seasonality states that a characteristic of a certain time when the data experiences regular and predictable changes which occur every calendar year and in a time series that reoccurs or repeats over one year can be said to be seasonal. An example…Read More
Wheat Futures—Wheat futures in the December contract is currently trading at 5.28 a bushel after settling last Friday in Chicago at 5.08 up about $0.20 for the week hitting a 3 month high. I am recommending a bullish position over the last month or so from around the 4.82 level and if you took that trade continue to place the…Read More
Platinum Futures–-Platinum futures in the January contract settled last Friday in New York at $900 an ounce currently trading at 892 down about $8 for the trading week as prices are stuck in a 3 week consolidation pattern. Platinum prices are trading below their 20 day but still above their 100 day moving average as the trend is mixed, however…Read More
Wheat Futures—Wheat futures in the December contract is trading higher for the 2nd consecutive session up $0.12 at 5.25 a bushel continuing its bullish momentum to the upside as this market looks to move even higher in my opinion. I have been recommending a bullish position from around the 4.82 level and if you took that trade continue to place…Read More