"So you're suggesting a trade at $200/tick on the dax?"
I wrote: "if you averaged into a $200 per pip position"
If you get a strong trigger like ECB announcing QE or something, then you can do it. Twice I built a $50 position on a day trade by safely averaging in as it rose, so $200 is only 4 times that. Just put $10 per pip on every retrace, and move up your guaranteed stop loss to the break-even level.
But this thread is not about daytrading. It's about waiting for a big FA trigger, and building a position over the first few weeks, then holding for at least 3 months. It's tricky, but if the FA is strong enough, it's doable. You've just got to get a good start and note the sizes of the biggest retraces. The point of this thread was to help each other find a credible FA trigger. Haven't found one yet, and it has been one month!
What's the danger if you are using Guaranteed Stop Losses and move it up to the break-even level?
Do you think it's impossible?
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