I was trading the overnight market, and after entering some trades in SIM mode, using a 10 contract position size, I saw that at the time of my entry, the spread caused me to instantly start off with a loss of anywhere from $150 to $300.
And I had a $300 loss upon entry quite a few times; far too many.
The spreads made it pretty much impossible to be profitable while trading the overnight.
I have a screen capture video of a trade that gave me an instant $150 loss upon entry, because of the spread.
And I have even seen a $100 loss upon entry because of the spread during the daytime markets, more than once.
I don't know how to figure out what the spread will be when I enter a trade, so it makes me very reluctant to enter any trades in the overnight, knowing that I might be hit with a $300 loss upon entry, before the price even goes anywhere.
Any comments or suggestions on that? I would particularly like to know if there is a way to know what the spread will be before entering each trade that I enter?
Trading is difficult enough as it is without having to deal with such things.
In the attached image screenshot from one of my screen capture videos, you can see that I pressed the sell button when the price was at 2.7385 then I instantly had a $150 loss because of the spread.
Comment