We suggest that it does not matter if you buy or sell the market as long as you reach for your first entry price, scale into trades using exact math and scale-out the same method to lock in profits.
The second part of whether you buy or sell is the scale in and out of trades. Meaning, yes, a good starting point is important and is Pillar #2 of our Four Pillars of Success. Pillar #2 continues after the first entry price to keep close to the last price of the market.
We accept that all markets turn. These are called cycles. The market will always make a cycle high and low. It is just when and where, and NO ONE can know this for certain on each trade, so why try?
For this reason, we start our trade out with one of our Alpha Hunters trade models. But, of course, you can use any model or pattern you wish. Our suggestion is to go fishing for a better first entry-level fill price regardless of the pattern you want to to follow.
Auto Entry-Exit -
The GoFishPro Trade App (GFP) handles almost all parts of a trade from the initial entry-level to the last exit all automatically. It does not get much easier.
Auto Cancel Replacing Orders -
GFP will also cancel replace all stops and percentage exit orders automatically.
Past performance is not necessarily indicative of future results.
Our niche is not that we claim to be right on every trade, it's the money management of how we handle every trade. GFP app makes our trading efforts work.
We cover most of the money management in the live trade room. The many keys to money management are to not overdo it, start small, and build positions rather than going all-in at one price. Then practice the same exit model to scale out of trades and lock in profits.
Using the scale in and out models for our money management is key to our success.
Please note - we don't expect anyone to be able to follow out models exact and read all risk disclosure documents. Trade at your own risk any model we write about on the Alpha Hunter's site.
Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.