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Explanation of Headings:
Date: This date is the day to enter the market. Trade is entered at the trading session's open.
Symbol: This is the symbol for the underlying stock. Depending on which exchange your broker enters your order the single stock futures symbol will be different. Check with your broker on which symbol to use.
Spread: You must add this amount to get the approximate price of the single stock futures. Whenever you enter an order add this amount to the price of the underlying stock.
Entry Price: This is the opening price of the underlying stock for the day listed in "Date" column.
Protective Stop: This is to be entered as a straight stop. Remember to add the spread to this price.
Primary Stop: This is a stop close only stop. When the underlying stock closes beyond this stop cancel the Protective Stop and exit at the market on the next trading session's open. If trade is long, it will be a close below this price, if short, it will be a close above this price.
Initiate Break Even: When the underlying stock closes beyond this price move your Protective Stop down to your Primary Stop. (This is a straight stop) The entry price of the underlying stock will now be your Primary Stop. Use a stop close only and exit at the market on the next trading session's open. If trade is long, it will be a close below this price, if short, it will be a close above this price.
Profit Price: This is the price to exit your trade and is enter as a limit order. Don't forget to add the spread. If the underlying stock trades at this price and you are not filled you should cancel your limit order and exit at the market.
Dollar Value: Use this amount as the D.V. in Money Management System (M.M.S) explain on this web site under "Training".
Risk: This is the approximate risk of this trade based on the closing price the day the signal is given and the Primary Stop. It is the amount you should use in the M.M.S.
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