Search results

Today is flat. I guess I'll just save my ammunition for a better day. Relax and not try to force a trade.

That's why I laid out the calculations to account for losing days and flat days. To have an average $1K then on good days I should shoot for $2K+ so that when I average over time it will work out to be $1k/day.

Correct. If their W/L is 60=70%% and their average up day is $30M then they can withstand the occasional $15M-$20M drawdowns. Hopefully their worst drawdown is not $60M.

Everything is moving like molasses today. Anyone else noticed? I guess all of Wall St is on vacation. haha

If there are big shots trader pulling $30M a day then it means that there are days that same big shot trader has a drawdown of $15M-$20M and an occasional $40M down day. can someone stomach that...

Today I'm basically flat. So to average a $1K/day it means on some days I have to make $2K+ to maintain the $1K/average to account for losing days or flat days like today. Yesterday I had a chance to make $4k-$5K. should have taken more risk. Today, the markets I trade are flattish. So, it's...

Traded HE(lean hogs) futures today. Just 1 lot to see what's up. Made $94. LOL. Very slow. Me like.

Trading MGC. 4 lots today. NG is even slower than it usually is. Range getting super narrow. Like watching paint dry. Must be end of summer. Can't wait for things to pick up next week or September!

$5K/day average. That is over 250 trading days in a year take : net profits /( 250 - vacation days - sick days). If that equals roughly $5K then it's all good. I'm a WAYS from that ideal target. But working progressively toward that goal....

I'm done for the day! I think... LOL. I have other non-trading stuff I have to attend to. It would have been more glorious if I held all 3 lots. Or better yet 15 lots. LOL. Next time. Kaizen. Constant and Never ending.

oh yea! Made $1274 on my regular account. I could have many multiples of that. I was trading too conservatively. But then it went against me. In the back of my voice, I heard @Overnight voice telling I TOLD YOU SO! LOL. I held on. I thought about doubling down and buying 10 more lots. But then...

Sorry man! I didn't follow your admonitions! I went into room 237. Now I'm up $878. So $178 up from my overnight session gains of $700. Trading 1 lots. Peanuts. Had I been trading my normal size I will be up a lot more. Preserving gains instead of executing my edge. Suboptimal behavior. In my...

Thanks for admonition. But there's nothing wrong with recruiters. That's how I've gotten my other jobs in the past. My only concern is that if that's a good use of everyone's time. Especially if I don't have my entire heart into it.

Yes, I realized that. But it has NOT been a year yet. I don't count my chickens before they hatch. If after a year, I net $250K then I will say, "Hmm.. Not bad." But it will not quit my day job. My goal is $5K/day. That's my freedom point. In my career space, $250K or even much higher is quite...

I made around $700 on NG and it's Sunday afternoon! Like clockwork. Could have been over $1K if I waited longer. I scaled out as it was going up. Not complaining. A wise man by the handle @Overnight told me once as long as one is positive on a trade then it's good. LOL. Also, one can't get MFE...

who are you calling kid? Are you older than me? haha. Please read my thread "Make some progress but so much more to go". My goal is $5k/day. Not there yet. I'm averaging over a thousand a day now. You gotta know what AVERAGE means in this context. Some days you might make more but then there...

I know about the above. I was a quant at a $44B(AUM) fund at the start of my career before I switched to tech later on. Back then, I was on the research side and not trading. But they were not HFT so it was monthly rebalancing. They used principal bid sometimes to dump an entire basket at a...

Actually, there was a period where I was making decent $ with stocks too. And I can probably continue to make money in them if I focus on them. Once you know how to trade, it almost doesn't matter the asset class. Here are things I don't like about stocks but can easily manage around it if I...

They have different objectives. Investors would be elated to be getting 20% annual return. For traders, they can bang that out in a good month. Yes, traders generate more commissions but also higher returns. But in the long run, they might NOT necessarily generate the greatest wealth. Warren...

All valid points. Dan Zanger not only made record breaking returns but he kept most of it. I think in the ensuing 23 months he ran it up to $23M or something. Later on, he had drawdowns. Then bounced back up. He's total NET WINNINGS is still in the tens of millions. So it was not an "easy"...