1. Buy The Dip
at every accumulation/distribution area (a/d) I bot 1 contract in $5.00 increments from the top of the a/d to the bottom of it. My target was always $16.00.
2. Buy The Breakout
In $10.00 increments I bot anywhere from 1 to three contracts with a target of $28.00.
Of course, I managed my risk so as not to violate any margin rules. I did not use any stops. Every trade was a win.
On the chart I would start buying at $23,065 to 22,805 in $5 increments.
Here's the math: 23,065 - 22805 / 5 + 1 = 53 contracts. Many of these entries will fill and hit their targets several times.
This is not financial advice. It's just an example of what I did.
The broker froze my account on or about June 30th, giving me no reason why. They have quit communicating with me and my account is still frozen. Has anyone else had this happen? Did I place too many trades? Did I make too much $$$? How do I get my account back?
