Opinions on this News Trading Strategy
Hello again,
Tried this this past week - worked for me - not BIG profits - small profit - but no overall loss:
Just before News Event opened a position (does not matter - long or short).
Hedge position immediately
Put VERY SMALL Trailing Stops on both positions i.e. Trailing Stops equal to spread or smaller.
Basically - within seconds of the News Event - one of the positions 'spikes' - take profit immediately when spike stops moving. The other position is stopped and loss limited.
Anyone else trade like this?
Advisable?
Shortcomings?
Regards,
Dale.
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