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Brother Candle, Oh I agree. 1 point a day on 100 cars avarage adds up to $1.25m per year. Simple arithmetic. 1 point per day on 200 = $2.5m p.a. 2 points on 100 = $2.5m p.a. And so on it goes. What I had hoped would happen with this thread is indeed happening, i.e. exploring...

Yes - I often go in the kitchen once a trade is on and do some cooking or make tea or do the washing up or whatever, and just let it run and look in every now and then just to find out what happened. Best Natalie

No problems at all. I try to get in as close as possible too, since it affords the smallest stop and a better ratio between stop and target. It's basically down to trade selection on whatever criteria are right for you. Mine is minimal stop and a P/L above a certain level with good...

I'm not talking about the stop placement being variable inside the trade, but dictated by the market before the trade is even taken, and so will vary from trade to trade according to what is the failure point for that individual trade since no 2 trades are ever exactly the same. Once they are...

Isn't it interesting how the thread has moved from discussing the original thought, to now more discussing the mechanical nature and considerations? Looks like a natural progression for this thread anyway which is healthy isn't it... Best Natalie

If by risk, you are referring to the point at which you would exit a trade that has failed and the maximum loss, that does make sense, because the failure point for every trade is going to be different anyway, so having a fixed stop on any trade seems like a recipe for disaster to me. Also...

Yes. I understand. The question that comes into my mind is how to continue to capture those extra points while reducing the risk from what you call crzy to acceptable levels if that makes sense??? (Purely a rhetorical question - not expecting an answer.) Best Natalie

So, some of this boils down to mechanical restrictions of method? and some (as you have said) boils down to (I believe the term you used was) Crazy risk taking? Would that be correct? Best Natalie p.s. thank you for being so open about all this...

Why thank you kind sir. :) Best Natalie

Brother Candle, It was not my intention to imply inferior performance, but rather to consider the question of the difference between the 1.5 avarage and big winning days like today and by implication raise the question of the drawdowns implicit within that differential. I too have both big...

I understand your point completely Brother Candle. So what is it that brings the daily avarage down to 1.5 ish? Is it mechanical restriction? because clearly it is not a psychological restriction... Best Natalie :confused:

Ok here is an idea to work with. What about setting out to caputre 1/3rd of the range of each 1 hour bar/candle? Start with the 10.00 EST bar/candle and work onwards from there? Or start at 09:30EST and leave out the last 45 mins? Since they mostly have a range of >3 that leaves a reasonable...

Thanks AAA, So you are saying that the psychological issues play a much greater role in this than any of us suspect. So the question I would immediately ask from that is how to overcome the psychological issues long term? (more a rhetorical question and thought, and not directed towards...

OK - If we accept that then the next question is - "But Why?" Best Natalie

Agreed, and like smoking you have to want to do it in order to succeed eventually in achieving that? Best Natalie

No - not confusing anything at all. If the system can't yeild it, then that is a limitation of the system. The mental ceiling comes into play when one starts to think enough is good enough and ceases further developement to make better or replace mothods and systems - surely? Best Natalie

OK - But the whole point of this thread is raising mental limits. This basically means that just because you have not yet found a better system than the one you currently use it doesn't follow that it doesn't exist, but more that it has not yet been found. Surely? best Natalie

It may be hopeful, but with such a target and sensible money management etc. i.e. not taking stupid risks to achieve it, isn't the end result of striving for that kind of a goal going to achieve more than aiming for a 1 point a day goal? Best Natalie

Thanks for the explanation. However, surely you would agree that additions and modifications/improvements to any system can be achieved, which would mean that the numbers would look healthier wouldn't they? Or put another way, so far your system has evolved to that level, and could well...

Before this gets out of hand completely, I'd like to point out that the supposition is based upon the many threads here on ET associated with mainly retail people trading their own account. Yes some even are able to play sizes of 100-200 lots in the market. If we start talking about taking...