I received a couple of questions overnight and thought you might find the answers interesting. The first question is from Clay who asked “Hey Ron, enjoy your blog very much and find the strategies you use very easy to follow and learn from. I do have one question. How many computers do you use?
A: That is really a good question. The simple answer is one….but I do have 4 monitors attached to that one computer. Yes, I know it is a bit of an overkill. But here is the reason why. As I have stated before, my wife trades right next to me. She trades the S&P 500 e-mini’s because they are less volatile (I like the volatility of the Russell). So there are two monitors that she uses. She like to look at the 433 tick chart and trade the 3 minute with the strategies taught on this blog. So they are the 2 monitors on my left. She has here trading dome on another computer. Then I have 2 monitors on my right. They have the 3 minute chart of the Russell 2000 and my trading dome. I know it sound a bit complex but it really is not. One thing I do strongly recommend is for a trader to have at least 2 monitors. You have to have the 3 minute chart up as well as your trading dome up. At the very beginning of my trading career, I used to have 1 monitor and when I got a set-up, I would switch over to my dome and try to enter the trade. Very difficult to do and sometimes I would miss the trade entry. With the technology the way it is today, and the cost of monitors, it just makes sense to have at least 2 monitors to trade from.
So thanks to Clay for that question.
The next question is from Mark. He ask:
Hi Ron,
Got the email- thanks. I am not sure why the earlier email was rejected though. I have read your strategy but the only area that I have a question about is the exact entry point. Is the entry after the entry bar? I have included a screen grab to show what I mean.
I really appreciate your blog - the system is easy to follow and with proper money management appears to work very well indeed. You should sell the strategy - only problem is most people may be uneasy with it because there are not complicating indicators etc !
A:
Hi Mark,
Take a look at the following chart.
Mark’s Chart
Click on chart to enlarge.
I have outlined exactly how I would enter the trade on the chart. But let me go over it again here. After a trend line break in the chart, start monitoring the lows of the bars. Once you get a higher low, put you entry 1 tick below that bar. If another bar forms with a higher low, move your entry 1 tick below that bar. Continue to move stop (entry) up until you are stopped in. Obviously, if the bars are extremely large or there are hugh tails, be a bit more cautious. Other wise, trade away.
I hope this helps.
PS Let me know if you have any more questions.
So there you have it. A couple of good questions to start you morning off. Please let me know if any of you have other questions the I can answer. My e-mail address is:
futuresinvestingmadeeasy@yahoo.com
Best regards,
Ron
PS I have had a lot of you ask if I have a mentoring program or any thing like that (as mentioned from Mark above). At this point, the answer is no, but I am considering it. Will let you know what I decide. If you have an interest in a program like that, let me know. Thanks. Ron
This is not a solicitation to buy or sell.
There is a risk in any investment
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