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I hope by then you can have some peace, otherwise all that money will be worthless. All the best

You seem very concerned with the opinions of other people. A trader who makes 300k net per trade doesn't need verification from others. A pro of any sort does not need to ask anyone if what he is doing is "right". All the best to you even if this doesn't apply, just seems very out of...

In reference to poster above me, "I understand 1 of the monitors is for trading, are the other 3 for porn?"

For what I needed, it was ok to standardize it since my risk is always 1% the profit factor becomes (%win)(R/R to Target 1) / (% lose) Hope this clears things up. Just was looking to share ...

Average Win Gross/Average loss Gross

In case anyone is interested, I established an approach where I always scale a minimum of 1/3 or 1/4 @ target 1 (and a maximum of closing the position) and I carry the majority of the position into T2 if T2's profit factor is at least 1.25*PF of the Target 1. Im letting 25% be the premium for...

I can plainly state why I use stops. I learned to extract $ from the market using S/R and patterns. I know when S/R is invalidated, and patterns are invalidated, my % of winning goes down. When I got a consistent stop amount for my setups I realized, all I had to do was know my accuracy...

I have been toying around with my system which is largely trend following. My accuracy to t1 is in region of 48-57% depending on some factors for my main setup. For the same setup the accuracy to t1 is 23-25%. In the past, I have let all my plays run to t2, but now I started to re-examine...

Marginal win is defined as the extra % gain by holding on after the early exit target to the original exit target. Original - Early = MW Marginal Loss is defined as the % loss if we go back down to my stop, which occurs 25% of the time. ML = Early Exit + Initial risk (my initial risk...

If Profitability = PF / (PF + Ratio of Wins/Losses) Substituting Marginal Win and Marginal Loss instead for the definition of Ratio of Wins/Losses, I get the equation ... Profitability (%win) = PF / (PF + MW/ML) Solving for Marginal Win, MW, we get... MW = (PF * ML)/probability of...

While I do not have the ability at this time to do what you stated, I can see this being the end result of a lifetime of training and mastery in this "sport". I must admit I think probalistically to make decisions easier as I do not feel I do not have the confidence to fully listen to the...

Thank you! Looks good, will read after RTH!

Maybe if I put average down in the title lol. By the way, just noticed theres a thread, take profits early or let it run to target? Well, I think the only answer to this is, applying both criteria to old trades, what fits your personality better in terms of accuracy and what is higher...

The way I laid out the equation, I am thinking in terms of "Marginal profit of holding on" and comparing that to "marginal loss of holding on". The way i see it, we can only get (target 1-early exit) EXTRA in profit, but we can give up (Early exit-stop) in terms of profits/account equity. Maybe...

I dont really think of this in terms of "giving back profits". I'm letting the statistics speak here and trying to make a cutoff point where i should and shouldn't take the early exit strategy. I'm not trading the early exit strategy out of fear, the statistic is much more prevelant for...

Quick few questions. Assuming I have a psychological preference for accuracy, would somebody help me out to establish a baseline for decision making here. I have a "early exit" strategy where 75% of the times that I exit early, it hits my target anyways. I have tried to think of the trade...

You cannot give something you don't have. Parallel thought that came to mind...

+1

IMHO save up more cash and take your time with futs. Not having enough capital for stocks is not a reason to trade futs. Best wishes...