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Personally, I don't care how you feel! I'm not here to make you or anyone else feel good. I'm here to put out some quality information on money managment, position sizing, and risk management. Second, I wasn't chastizing him for staying within his risk level....go back and read the post...

I hate losing....always have. In the past, I was happiest when I was green, when I was red, I felt like they got the best of me. I have always thought that there is no reason to be red on ANY day, and that really helped me take my trading to the next level. Afterall, my smaller size makes me...

What are you taling about....a trader who makes low 6 figures every year, is a good trader. A trader who makes mid 6 figures is a great trader. Especially if they are doing it trading there own money. If you manage 20 million and earn 100k, it's a rather pathetic performance. A trader...

Thanks...I don't make claims....I am one of the few who do versus the many who claim! :)

I have been reading the last few pages of posts, and it begs the question...do you guys really trade? 25 years and never a large loss? You never bought a stock that gapped down $10 overnight? What were your positions in 87'? I am starting to smell something here....starting to smell...

Now that was funny! :D

The offer was meant in jest...a shot at another ET'r who was auctioning off lunch with him. FYI, I did meet with a couple of guys over lunch, no charge, no fees, and we talked about trading for a few hours, where they are at, where they want to be and a few approaches to getting there. My way...

Taking a big loss is part of the game, especially if you are trading at peak levels, trying to take your trading to the next level. A good friend of mine just took a rather large loss...50k or so. Recently, I had a loss of 18k on a trade. What did we do, realized that it was just a bad...

You are looking for something that signals the trend is changing. The set of indicators I use for catching the reversals in the market, I'm not willing to share. Here's a couple of things you can look at. First you can look for CTOD reversals. Price cycles like anything else, and...

Very well...here are your quotes: "If you are playing a net losers game how can being too conservative ever be a bad thing." "do you have a money management method that will keep you alive as long as possible in this game" Here's my take. Successful traders don't believe that trading...

We all have to learn to question our beleifs about trading. One common misconception, is that you never add to a loser. This is a fallacy. Adding to a loser and trading out, can and does work very well. A good general rule of thumb is that when you can't take the pain, and you have finally...

Just quoted your own words...take it FWIW. You are operating under some false assumptions, and they will not serve you well in becoming an Elite trader. (ok...that was a little condescending, but my experience with most on ET, is that most are hacks and wanna be's, so I operate from the...

I started out trading with 25k, I had enough savings to cover 1 year of expenses living with a roommate, a real passion for the business, a goal of making 40k a year, and determination to make it work. I came in and started trading the typical garbage everyone talks about. Look for set ups...

He is expecting to make $400....that's certainly the ceiling of what he thinks is possible...and you'd risk $800. Brilliant advice. To the original poster. First, anything is possible. Making 400 per day on a 40k account is doable, assuming you have a model or strategy for trading that...

What I find that's silly, is that you can't figure out the cost of being too conservative, you had better spend some more time studying money management and geometric growth functions. The purpose of money management is not to keep you alive, it's to make you money. To maximize your growth...

51 bid

The challenge with scaling into positions is that you will always have a full position on in your losers, and some of your best trades will only get a partial position on before it moves in your favor. An example, I have a system that I created that is a fantastic system for short term...

All do respect, you don't know what you're talking about! As I've said, the leverage issue is not a problem when you know the dynamics of your system strategy. Time frame also makes a big difference when it comes to leverage. Some of the best traders on here, trade with leverage of 50 or 100...

The first rule is to never globalize. Those of us who understand our trading strategy and leverage, can use 50:1 or more and only risk a loss of 10% on our accounts, and that's our a worse case scenario that happens once in 18 months or so. You pay a heavy price for being too conservative...

Each set up is a system in itself, if you treat it as such, you can determine the optimal amount to bet based upon that set up.