How to trade Nasdaq futures: After hours position trade- $400 profit, $50 risk. Update 1

Here is the chart showing the progress of this position, we are currently approximately $105 in the money on this trade within about 1 hour. We have adjusted our stop up so that there is absolutely zero risk of loss on this position now. Also, we are attempting to average up at 2396 (limit to buy pending), which will bring our average price to around 2394.50. We will adjust our stop above average entry following a fill.

 

One thing to note is that we missed our Wave 1 average up opportunity. We are now trying to add a 2nd contract on a Wave 2 signal. This can be risky because it increases our average price and we have a higher probability of getting stopped by a tail than if we averaged up at the Wave 1 point.