I define them as trades that do not require more than two "re-inforcements" (for lack of better word), that is, do not require adding to your position more than twice.
I start with a 2-contract position, then may add to it, usually not more than two contracts, although more sis possible if I am convinced that I am on the right side and the market is bound to move my way eventually.
Very often, these original 2 contracts reach my target of 5-10 ticks in YM, the Dow emini futures market, but sometimes a bit of prodding is required, but as long as no more than two contracts are needed (sometimes, but in hindsight, this is not necessary) to reach my target quickly enough, I believe I am doing fine.
I call trades like that, the trades that utilize only 2-4 contracts, the classic trades. Those that arrive at the target with the original position are perfect trades.
Today was a good day for classic trades, all 12 of them, both on the short side and the lone one. As you can see from the screenshot below showing the list of trades in the Bracket Trader platform.
I posted some of these trades on Twitter, finishing my Twitter posts today with trade number 10, but that wasn't the end of it yet.
Here come quickies, 2 in a row. That's it for today, at least here. pic.twitter.com/eOwz2Oup7U
— emini_guy (@emini_guy) June 19, 2013
I may still trade a bit more, I am just taking a short break. In fact, I just added another quickie, see it on my site in its current trading results section.