The Quick Lock-in Profit (QLIP) Method with AbleTrend
ECM has introduced the new Micro E-mini Futures. This new instrument has made it possible for individual traders to take advantage of the market volatility with lower risk.
At 1/10th the size of a classic E-mini contract, Micro E-minis require less cash to enter the market with lower margins. If you are a NQ trader, the today’s NQ chart shows you an example how it gives you a powerful edge to lock in profit quickly and be able to set the stop aiming large move.
This progressive profit taking strategy empowers you to lock in profit quickly for the first 1/3 of position right away at #1, lock in profit for another 1/3 of the position at #2, and make the last 1/3 position with stops in place to catch a large trend for the optimal profit.
This progressive profit taking strategy will help boost your winning confidence shortly after you open a position. If you use AbleTrend sweet spot entry, the probability of taking the 1st 1/3 of profit is very high.
After you take the 1st or 2nd profit you are be able to set the Stop Aiming for a large Move (SALM). It was very difficult to set a SALM when you trade the normal E-mini contract because usually the risk is too high for smaller account traders. Now with the progressive profit taking strategy that the Micro E-min futures, with partial profits been taken, you have 1/3 of the position using the markets money which is what this trade has produced. What a luxury situation that you have created for the trade.
Give it a trial! We’ll be there to hold your hand through the learning process.