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Good Morning MarkBrown, Every time I read or hear someone say the word diversification, I instantly stop listening or reading because diversification is easy. Put in SP 500 index and be done with it. Day Trading is the best way to get rich that I know.

Good Morning Ironplates, This is what I been doing the past 14 years of my life and it has worked out great. Lol wish I has did the same in SOXL, but I damn sure starting this month. As I have said many times, IMO, I trade ES futures to get rich QUICK. I'm not betting my life worth on day...

Good Morning hilmy83, Thank you for explaining. That makes sense. I'm like you as well, trying to scale 1 algo system to $1 million.

Good Evening hilmy83, I think you should start your bot in as many markets/instruments as you can afford if and only if the bot show edge in those markets/instruments. Questions please: 1. What is your personal money goal or % return goal of the bot year to year for the next X-XX years? Is it...

Hello rb7, I am not sure what you mean by irony. But I really like how wxytrader theory or mental approach on trading. It matches mine as well. I appreciate him.

Hello wxytrader, Without a fraction of a doubt, you are the second most smartest ET member on the planet, IMO. Your words have improved my trading mental greatly. Thank you,

Good Evening Laissez Faire, I always admire your trading experience post. Can I ask please ask you a question please? 1. From a making money perspective, What is the difference of approach between you (Day Trader) and Pablo Escobar or Joaquín "El Chapo" (Verified Billionaires) Guzmán as it...

Very good Hardison, Get that money man!!!:cool:

Hello Ironplates, SIM trade until you are 1000% certain you can make money and not lose money year to year.

Thank you @p0box4

Hello p0box4, Please explain to me what I do not "get" if you have the answer. I ask you a simple question below. You still have not provided an answer yet. https://www.elitetrader.com/et/threads/how-not-to-lose-money.379787/page-3#post-5975519

Hello p0box4, Lol, my point is. The only way to obtain those variables is to guess over and over and over and over again rather that guess be manual back testing, forward testing or programming. it is all Guessing initially until the equation exceeds 0. Go help the OP of the thread. I do not...

Good Evening p0box4, Please tell me how to obtain the variables to the equation below so that the equation is greater than zero year to year for the next 20 years of my life or once I have $1,000,000. Thank you sir. (Avg win * win %) - (avg loss * loss %) > 0

Good Evening hilmy83, I agree with you 100%. The challenge or problem is for the 4 variables in your expectancy equation the following are unknown before the trader start clicking buy or sell button. Avg win - Unknown win % - Unknown avg loss - Unknown loss % - Unknown So then the problem...

Hello Ironplates, I do not want to lose more than $3500 year trading the futures market. How do I feel when lose the $3500 for the year? I feel like I wasted time and wish I made money on the year. Then I keep on trying. Here is a tip that helps me ALOT: Do NOT tell anyone you are an ES...

Hello Ironplates, I trade ES and NQ. My risk is as follow for losing money ES - Risk capital per year = $1500 NQ - Risk capital per year= $2000 I get two tries per year to grow the ES account from $1500 to: -$1500 to +$X,XXX,XXX I get two tries per year to grow the NQ account from...

Hello Ironplates, When you state"not losing money", what do you mean by this? Are you referring to a trade loss or are you referring to losing a sum a money after taking X to XXX trades (e.g., 1-100 trades)? Are you taking about a 1 trade loss for example? Or are you talking about combined...

Good Morning Ironplates, Can you please explain a bit more what you mean by "How not to lose money"? Are you referring to how not to lose money overall in your trading or how to avoid a loss on any trade you take?

I could be wrong. Not sure How trading can be a team sport.

Good Morning d08, Why do USA send money to Israel? Thank you,