Search results

Why reset? Did you hit/exceed a daily loss limit?

Very instrument/contextual dependent. Generally, it would be better to be positioned for a breakout before it happens. Then you'll profit anyway. Scratch or small profit on a false breakout. Large profit on a successful breakout.

A smart trader once told me that small accounts seek volatility; large accounts seek stability. Generally, if you swing for the fences going for large returns, you need to accept larger drawdowns and a higher risk of ruin. There was a member on this board who took his account from about 10K to...

Isn't it obvious? You had a 20 % drawdown on one single trade. Is that your idea of successful trading? Is so - press on.

Is this what trading is like? Yes - for most or many. But not how it should be like.

@kmgilroy89 I can confirm that the Dell is virtually flat, i.e., the curvature is so small that it's virtually not significant. It's not something that bothers me, though. In fact I prefer it like that. I bought the Dell 49" as I have it hooked up to a laptop and hooking up multiple monitors...

Nice catch.

I don't see much mention of YM these days or maybe I just missed it. Liquidity is considerably lower than ES, but the intraday moves seems cleaner and more directional. I've been mostly following/tracking and compiling ES, so that's the product I know best, but paying a bit more attention to...

The way you say this makes it sound like you don't really have the time to day trade. That's the disadvantage with discretionary day trading. You do need to put in the time in front of the screen.

It was just an example of back-testing to see if something have validity. You will never become consistent if you're always mixing it up. Focus, focus, focus. Trying different things is okay in the system development phase or later for optimizing something that's already working. But you...

I don't know much about Soros or Loeb, but Livermore, Darvas and O'Neill was all fairly methodical as far as I can remember. And that's the key. There needs to be a methodology and some kind of consistency in your approach. IMO, at least. And how to best build a methodology? Well, live trading...

I remember. That's discouraging. If you can't master the past or master a dead market, I think it will be hard to master a live market with $$$ on the line. Care to mention these legendary traders? For example Livermore, while he may not have back-tested, he spent a lot of time logging and...

IMO - there's nothing to beat. You only need to know when to buy, sell, hold or stand aside. There's no competition. The liquidity is there.

Do you have a system/methodology or at least well defined entries/exits? There's a lot of 'would have' and 'should have' here. My impression is that your approach is very discretionary and subjective. That will usually not work out. Like Hilmy correctly points out you likely are breaking your...

Hi, Sekiyo, It's not clear at all what your approach or methodology is or if you even have one. You seem to be trading from the hip and trying to figure this out while you go. I don't think that's going to work out for you. To be honest - it seems like you're all over the place. I think you'd...

I'm not sure if their margin requirements are crazy, but they seem to be higher than most brokers.

Sleep would be nice.

True. Futures volume is centralized. However, in a product like index futures with program trading/arbitrage across different correlated markets (ES, MES, SPY and the cash index SPX) I wonder what volume really can tell you as a sell order in one market may be offset by a buy market in another...

So you held that long through a 200 point drawdown or what? :)

I imagine it must have felt like a certainty when you went long in this same area prior to that 200 + drop, too. :)