Please tell me do I always exit a trade before in play

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vatfreealan
Posts: 4
Joined: Sun Nov 07, 2010 10:53 am

Hello All
I have just started trading with a £500 bank and am using the 1 tick spread, some one experienced can you please tell me do I always exit a trade say 30 secs before the off ? Or do you ever keep in play.
I have been doing quite well, always exiting when 30 seconds flashes up ,and equal up, and i'm out, is that the best policy, as I am trying to earn £75/ £80 a day, I set my liability to £500 and use that bank.

Any advice would be appreciated as I have tried once leaving the horse running in play, and sods law it bit me and in a 5 furlong dash went against me, never again i believe

Please Help Alan
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oddstrader
Posts: 344
Joined: Fri Apr 16, 2010 4:55 pm

I think Alan you answered your own question in the last paragraph of your post. ;)
vatfreealan
Posts: 4
Joined: Sun Nov 07, 2010 10:53 am

Thanks oddstrader, I just needed someone to confirm it for me, are you a full time trader ?
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oddstrader
Posts: 344
Joined: Fri Apr 16, 2010 4:55 pm

your welcome and yes for 3 years now :D
rubysglory
Posts: 309
Joined: Thu Nov 04, 2010 7:02 am

May I pry and enquire what settings you run on the top toolbar for 1 tick trading - offsetting, stop, fill or kill, trailing stop etc .

Rgds
rg
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Euler
Posts: 26430
Joined: Wed Nov 10, 2010 1:39 pm

It's never really a case of just having the right settings, though I am sure others will have some particular setup. It's more a case of finding decent quality opportunties IMHO.
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