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  1. SimpleMeLike

    How to test a Risk/Money Management

    Hello, I want to make sure I am on the right track. Please let me know if my testing method for what I want do for my system is how you would test. I am an ES trader still trying to test my strategy for the profitability I want. So far so good, but lately I kind of struggle with how to adjust...
  2. SimpleMeLike

    Real Conversations: How the Smart(est) Money Invests

    Thank you for sharing. Always great to hear what other traders do.
  3. SimpleMeLike

    What Dollar Amount Do You Stop At If You Slammed Two Big Ones?

    I am having the same issue myself and it all has to do money management and the trader and the trade itself. because everyone trades and think and feels different. So no one answer fits all, but its a great discussion. So here is what I decided to do. 1. Open my plan book and write a section...
  4. SimpleMeLike

    How did you learn how to trade?

    :D:D:D:D That is funny, but true. Losing makes you think 5x as harder.
  5. SimpleMeLike

    Understanding the Risk vs Reward of Multiple Contracts

    Thank you marsman, I will trade all in and all out. Its too much confusion trailing stops and I want to be in and out. I trade paper money for now with one contract until I make $5000, then I will go live with $5000, and go from there. No, I don't make 100% ROI every trade, I take losses like...
  6. SimpleMeLike

    Understanding the Risk vs Reward of Multiple Contracts

    Thank you speedo. I appreciate it. Thanks for sharing. Yes, after thinking about it and keeping it simple thoughts, I am will stick to simplicity and play the all in and all out for now. However, I will monitor each trade to see how well it does when scale out. Testing is the approach for now.
  7. SimpleMeLike

    Understanding the Risk vs Reward of Multiple Contracts

    Thank you so much TurvWyd. This is why I love ET for the combined opinions and help. That make soo much sense. Simplicity. I will try that. That make sense to. And it doesn't change how I currently trade.
  8. SimpleMeLike

    Understanding the Risk vs Reward of Multiple Contracts

    Thank you K-Pia for explaing I understand your point now. I have to test what works best for me. So i will start monitoring this while I back test.
  9. SimpleMeLike

    Understanding the Risk vs Reward of Multiple Contracts

    K-Pia, Allow me to clarify. I currently trade 1 contracts for 4pts profit per trade. Stop loss is 2 pts. Make $200, with risk of -$100 I would like to upgrade to 2 contracts for 4pts profit per trade. Stop loss is 2 pts. Make $400, with risk of -$200 I am asking 1. When would you recommend...
  10. SimpleMeLike

    Understanding the Risk vs Reward of Multiple Contracts

    Thank you. You trade 20 contracts? Wow that is alot. I'm only at 1 contract and still trying to get to $4000 in sim. I keep trying
  11. SimpleMeLike

    Understanding the Risk vs Reward of Multiple Contracts

    Thank you K-Pia, So it really depends on the trader how they want to trade multiple contracts. For me, trading one contract it's easy for me to justify any trading with 50% roi. I want take trades with anything less roi. It's just my thinking. With that being said, entering 2 contracts and...
  12. SimpleMeLike

    Understanding the Risk vs Reward of Multiple Contracts

    I belive what is puzzling me is this Let's say I can get 4pts consistently risking 2pts per trade with 1 contract. 100% roi If I move up to 2 contracts, and take 1st one at 4pts, and leave other for possible 8pts, would that make sense? My hope is to catch a runner for more points while having...
  13. SimpleMeLike

    Understanding the Risk vs Reward of Multiple Contracts

    Thanks K-Pia, I currently trade 1 contract in hopes to earn 4pts per trade, 2pt stop loss per trade. When would you recommend moving up to 2 contracts? When trading 2 contracts would you recommend the same money management as i used for 1 contracts (i.e.,risk 2pts to make 4pts)? Thanks
  14. SimpleMeLike

    Understanding the Risk vs Reward of Multiple Contracts

    Hello, I am trading sim testing a method. I have been trading the ES with one contract for a very long time my R:R is generally 2. I understand with one contract if I risk $100 (stop loss at 2pts) and exit at $200, my ROI is 100% in of that trade. Good. I look for 4pts per trade and lately, I...
  15. SimpleMeLike

    Topsteptrader

    Agreed with you. Paying the combine fee is worth every penny if you accomplish this and your confidence level increases. And you have a challenge ahead of you to trade with discipline, consistency, and profitability at a low cost.
  16. SimpleMeLike

    Does anyone mentor? (for a fee)

    Good post 007Arb You are correct. If a mentor can not show you their real account statements, then add that to the risk column you are taking. However, I have notice that some mentors I use to listen to in the past do have valuable market expeirence to offer to newbies. So its a give a take...
  17. SimpleMeLike

    Topsteptrader

    Hello Pekelo, Yes the problem is solved. I will use a laptop and follow the rules.
  18. SimpleMeLike

    Topsteptrader

    Thanks Xela, Its all good man. Pekelo has a right to post whatever he likes. I take no offense to it at all. I take all comments rather good or bad for my trading business. My goal is to make money and get help and help as needed. I am blessed to have ET forum to even respond to my thoughts...
  19. SimpleMeLike

    Topsteptrader

    Hello Pekelo, Lol, no offense taken at all. I am just trying to get it right. I use the ET forum as away to confirm my thinking process in hopes that other people either I agree, disagree, or challenge my thinking. I fully I understand I do not know it all or care to know it all. That's why I...
  20. SimpleMeLike

    Topsteptrader

    Yes, I am proceeding with the TST combine to earn a funded account. I belive in myself and I like their rules. For me, doing the combine is a no brainer. The reward exceeds the risk by far. I will post my results soon. Thanks.
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