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Yes I will reinforce this point. Keep your day job until you have proven and made some money. Hire someone to execute for you if you can't execute yourself because of your job, and put more money in your trading account. Thats all I had to say and now I am out of the discussion.

In general, you are correct. But his salary is 200k, a 50k loan is just 5% of his annual salary. Plus, he has been trading real money with PF > 2, and he wants backing. Assuming his edge exists, A lot of effort must have gone into developing a PF 2+ strategy on liquid markets like CL/ES. He...

Thanks for writing a well thought out and detailed post. Assuming you have a real edge (its ok if it works for only short term), My recommendations: 1) I agree with your point that you should ramp up while the going is good. With 200k yearly income, you must be getting 12-13k in hand after...

Long 4 more at 1790. Already have long 6 ES from 1787.

Thanks for asking :) It is an experiment and this might end up badly :( Most of my entries and exits are based on observing how markets trade over the last 4 years. I will share few things if this experiment ends up successfully. For that you need to wait few months. However, I wrote...

Out of everything at 1787. for 5 points profit = 250$. Account Equity = 53,375 + 250 = 53,625 USD NEW TRADE: Now long 6 ES at 1787

wow whattttttttttt a day +15, -20, +15 point swing

Adding 5 short ES at 1788. Already have 5 short from 1787.

This trade went more than +5000 USD in my favor but I was too busy with my real trading and forgot about this paper-trade. I shorted after being long in my real trading. Just saying, I am going to count only the PnL from the trades that I post in real time in this journal.

out of these 10 ES at 1787 for a loss of 8*3 = 24 points = -1200 USD Account Equity = 54,575 - 1200 = 53,375 USD NEW TRADE: Now Short 5 ES at 1787.

+1 good advice.....I will add a bit of wisdom from my side: 1) trade 1000 USD/JPY or 1000 EURUSD or 1000 AUDUSD or 1000 EURJPY or 1000 EURGBP or 1000 AUDJPY etc. you get the idea of position size I am talking about. 2) So, for a 100 pip price move against you, you will lose approximately...

Adding 2 ES more at 1787. Already have 8 ES from 1790.

great trading Ammo :) how is dvol-uvol looking? are we in for a trending day?

Long 8 ES at 1790

out at 1794 for +10 points = 500 $ Flat here Account Equity = 54,075 + 500 = 54,575 USD

Short 10 ES at 1795

Above trade underwent a drawdown greater than -8000 USD. This was the worst trade if I remember correctly in terms of drawdown since I started this swing trading journal. Looking to short again at better levels.

Flat at 1798 for a loss of 2*10 = 20 points = 1000 USD Account Equity = 55,075-1000 = 54,075 USD

why and when this change happened? how much longer dated (1yr or 3yr?) people look at now to define TED spread? Thanks Marty

i will be following your progress with interest take less risk, come up with good ideas and make money