New Nadex trades

#1

Darrell, I have studied the Apex/Nadex education for 5 months with demo trading 95% of the time. Last week and this week I have traded live 12 times lost a very minor amount on two trades and made over $600.00 Tuesday using your deviations levels and your education… I just wanted to thank you, this Nadex really helps on the nerves compared to my futures trading, the limited loss/risk is really important to me… Regards, Mike

#2

Excellent!!! Great job controlling your trades and making it happen. It takes some time but its worth it! Very very cool to here!

Darrell

#3

Darrell hi i am new to trading. so much better than trading futures. used to trade corn YEA!!! no margin call. ok today i made a trade on a box spread bullish on corn 400-440 i bought at 428. corn closed at 427.50 i still made a $267 profit. what did i do right? i thought the profit would go from my entry to closing price x 1.oo. i am studying spreads on you tube… gonna stay in demo mode until i understand. LOVE the platform. i generally

  1. listen to news
  2. analyze candlestick formation
  3. look at moving averages and stochastics
  4. make decision from there whether to buy or sell
#4

sorry to break it to you - you did not make a profit

your settlment payout email includes your initial risk that was deducted from your account +/- any p/l

so if you bought a 400.0-440.0 spread for 428.0 your risk was 428.0-400.0 28.0 tick size .1 value per tick $280 - corn closed at 427.50 so remaining value is 427.5 - 400.0 = 27.5 at .1 tick $1.00 a tick 275 so your settlement payout most likely said if settled at 427.50 on a 400-450 spread said settlement payout was 275.00 (in addition 1.80 was deducted from balance for exchange fees) (if payout said 267 then you have your entry or settlement umber wrong in example)

So net was (275+1.8) - 280 (initial risk) net $3.20 loss

don’t forget you can set a take profit limit order as well you don’t have to hold till expiration

check out the getting started, nadex platform and spread videos under education - nadex tutorials - also use the scanner out of the gate don’t wait to figure it out use it from day one - once spread scanner video - doing this will save you MONTHS in education and $1,000’s in mistakes

good to keep an eye on ag news - though usually there is not much i only use 1 price pattern and one volume pattern keep it simple moving averages and stochastics are slow - but if its working for you then rock on!

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