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Thanks for pointing out. Cheers!

stopped -1

long 96.75, 1 point stop

If I was running IB, my most valued customer would be Bob111. Value of a person like Bob111 is not in the commissions dollars that they generate for a broker, but rather the true value lies in the detailed testing and problem reporting that such people do. Alright, maybe Bob's language is a...

Multiple logins is a great idea. There are ways to do it even with a small account - if trader has a profitable system. Maybe Neke doesn't has a systematic strategy but he has 10 yrs discretionary trading experience and has taken out more than 500k from the market. He might be able to...

If you ask me, it will be best to hire someone cheap say for 2k a month, with his only job responsibility being to make sure that you don't deviate from your set of rules. You should give him a prepared 1-pager with all the rules clearly written and give him 2 weeks to master the drill. Say you...

Neke, I felt as if I am reading my own journal. It is crystal clear to me now that you and I suffer from very similar psychological issues. No amount of determination, automation, or any other tool seems to help. In the heat of the moment, its very easy to deviate from the plan. Lately, I have...

Great point! Importance of a nice setup, professional trading environment, diligent work habits, iron-clad discipline and emotional balance when you are down a lot on a day/week or in high volatility conditions are integral components that make a trading plan successful. I reckon above...

Sent you an email because didn't want to clutter the thread with tangential questions.

Another big mistake that I have done is that on some trades, I did not have a fixed stop and my leverage was high for not having a fixed stop on these trades. There were at least 10 trades like this over the last 5 weeks. I lost around 4-8% on each of these trades. This really set my account...

A major reason for my losses these last 5 weeks has been: 1) Unability to keep a profitable trade on for a long time. Example, yesterday I became bullish on Euro and bought it at 1.286 with stop at 1.272 (140 pip stop) and two targets at 1.31 and 1.34. My plan was to move the stop to...

Happy Thanksgiving and Delicious Turkey to everyone! Hello everyone, thanks for great comments. There is a lot of wisdom in those comments. I had 5 consecutive negative weeks. I never had such a string of bad performance before. Only time, I had such bad performance was in 2009, when I was...

Words of wisdom for everyone reading this thread. I have a rule that once my DD in a strategy exceeds maximum historical DD, I stop trading the strategy and start trading it again only when it makes a new equity high. A better way is to do multiple samples of historical trades, look at...

Good points. Here is my rebuttal. Consider following: Lets say an HNI wants to invest 1 million dollars. He won't invest with one retail piker based on his RAPA score. He will do the allocation to top 20 RAPA guys, so that he gets a diversified return on his capital. So, he is infact...

They are going to allocate capital to maybe just 30-50 top retail traders in this country. Please don't tell me that you won't have 50 top retail traders making 50-100% return. As far as volatility, again they are not pitching to CALPERS or anyone of that size. Most likely the source of their...

Good post - but top retail traders with around a million dollar will make at least 50% not 20%. So, profits = 500k. Now, they get 10% of profits = 50k + 10k (1% fees) for a total of 60k. Do consider that some of the top retail traders will make 100% return on 1 million, so that takes their...

RAPA - I want to criticize you here. In the world of finance, investing and where money is involved, you should have come up with a more serious and balanced answer. SLE raised a valid point. It is just a chatforum but coming up with honest, serious and balanced answers helps in establishing...

Let us say - they passed my smell test, if you know what I mean!

These guys will be successful or not, in due time they will be able to fund traders to at least a million dollars or not - only time will answer these questions. I just wished them well and I think from the professionalism and more importantly upfront honesty these guys have shown in their...

Yes, pretty clear that this model is for retail traders, you don't expect a jpm pedigree guy to seek capital via this model. As someone else said, this model is for non-bank trading guys who are trading on their own - it seeks to introduce capital to them, albeit in very small size. Its just a...