Hi Getatnard,
The reason I asked about if you are journaling and taking screenshots…
Darrell founded Apex on the premise of Traders Helping Traders. What does that mean exactly? As traders come in and learn, they then help the incoming Apex traders to learn and reach their goals. It’s a mentoring community. It only works if you take advantage of it though.
You really need to be in the Elite Trade Chat room and posting your charts with your trades, and shots of your Scanner tickets and orders. There are experienced successful Apex leaders in the room daily. Ask your questions there and get your trades critiqued for specific feedback. The morning time is the busiest.
If that time doesn’t work for you, then post your Charts and screen shots under General Trading Questions in the forum. Apex traders experienced with your trade topic will respond. When you have screen shots and are specific, then you can get the best most relevant answers. Nothing replaces the Elite room where you can get real time answers from our top traders looking at the live market right then!
A Darrell saying…“Engage in the community, it’s a lot cheaper than the market teaching you.”
Every trader here has started out asking questions, so don’t feel you have to wait till you have uncomfortable losses to ask for help.
Here are a few webinars that may help you regarding spreads in the meantime. https://forum.apexinvesting.com/t/tht-darrell-in-the-elite-room-may-2nd-2017-why-am-i-loosing-money-trading-nadex-spreads/11487
In addition, check out Darrell’s favorite strategy…The Nadex Spread Hedge, (the Ulitmate Hedge Strategy using spreads). This strategy is low risk. You trade a spread in one direction and hedge it with a spread in the other direction. Your risk is low, defined upfront, and will always stay near or below the defined risk amount throughout the trade, essentially making it a worry free trade! https://forum.apexinvesting.com/t/tht-darrell-in-the-elite-room-may-8th-2017-tips-for-vad-live-oil-trade-using-hedge-spread-strategy-and-more/11524
Also here is the video on the 5% rule that will help break it down for you as well as other information to help clarify for you. One is the video and the other includes an article where you can see it in black and white as well. https://forum.apexinvesting.com/t/risk-management-and-your-frame-of-mind-using-5-rule/1235
Hope this helps!
Kellie Education Support [email protected]