When Do You Enter Into A Trade?

31 Aug in bear put spreads, Blog, bull call spreads, call options, commodity consulting, commodity trading, commodity trading rules, futures broker, managed futures, managed futures accounts, Michael Seery, options broker, put options, Seery Futures.com, simulated trading

  When Do You Enter A Trade? What are your rules to initiate a trade on the long or short side of the commodity market? I have been asked this question many times throughout my career and my opinion is simply to buy on a 20-25 day high breakout in price on a closing basis only or sell on a 20-25 day low breakout to the downside also on a closing basis. Many times the price will break the 25 day high and sell off later in the day only to have your trade be negative very quickly. I would rather buy the commodity at a higher price on the close because that gives me more confidence that the market has truly broken out. However there are more ways to skin a cat and this is not the only answer because some other trading systems might rely on different breakout rules that have also been reliable. Remember always keeping a 1%-2% risk loss on any given trade therefore minimizing risks because the entry system I use always goes with the trend because I have learned over the course of time the trend is truly your friend in the long run. I also look for tight chart structure meaning a tight trading range over a period of time with relatively low volatility. I try to stay away from a crazy market that hit a 25 day high in 2 trading sessions versus the 25 high that actually took 25 days to create.

If you are looking to contact Michael Seery  (CTA—COMMODITY TRADING ADVISOR)  at 1-312-224-8140  he  will be more than happy to help you with your trading or visit www.seeryfutures.com  

Skype Address: mike.seery3

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