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Hi, all, Any news? I didn't spend much time looking into these programs or other options as I've been mostly focused on my own trading and improving that. I'm gaining consistency in my own account now. The profits are not huge in nominal dollars, but they're fairly consistent now. I need some...

Thank you for your post. I recognize myself in all of these - even the digging myself out of the hole to end the day green after first exceeding my daily maximum loss. But I don't like that one as it's basically rewarding bad behaviour and could just as well end the other way, i.e., further...

Good post. Reducing trading frequency and being selective is very important. I don't think a daily profit goal makes nailing a trend day impossible. This is great. And so true. Thanks for the reminder here.

Ah. Maybe I wasn't clear on that in my first post. I am putting in full days and then some. I'm not suggesting to turn off the computer and do something else as soon as I'm in profit. I'm suggesting to either a) Stop trading completely after reaching a profit goal - while continuing to...

Good comments, everyone. I'll have to do some further research on my own before making a decision. Like I said - I already have my own account that I'm trading. So, basically looking to see if I can add to my bottom line by accessing additional capital as my own account is not making large...

Hi guys, Thank you for all the comments. I'm a bit surprised to see so few, if any at all, who advocate using a daily profit target/time based target or some other rule to protect profits on any given day. Equally - do you guys not believe in daily loss limits? Because if the logic is that...

Very interesting! I was not aware. What about those of us who eat low-carb and/or are into intermittent fasting? I'm very active, excercise and eat healthy. Usually, I don't eat more than 3-4 meals per day. With the exception of pre/post-workout, I generally eat a low/moderate carb diet...

A subset of this question is each single trade. I’ve become a bit greedy lately and allowed quite a few decent winners turn into BEs, small profits or even losses, trying to catch the big ones.

Hi all, I’m having some difficulties with consistency in my trading. Now, that may have many reasons of course, but I’m considering if it would be beneficial for me to implement a daily modest profit target and calling it a day after hitting that. After hitting that target, I could still trade...

Thanks, @jtlexington ! It does help. :) The way TST was structured initially can make me understand the skepticism. I remember the Combines had quite unrealistic performance goals as there was in fact a time target/limit too. I see that one is gone now. May I ask which Combine you’re doing? I...

Hi all, Apologies if this have been discussed to death already, but are there any programs/companies available today which are worthwhile for an independent futures trader to gain access to extra capital? I'm currently trading my own account with some success, but I realize that it would/could...

Hi all, Update. To be honest, my pain and discomfort in the initial period after getting this were such that I'm sure quite a few people would have gotten permanent sick leave from their job. Since I was leaving in a few months anyway, I gritted my teeth and worked through it (with a normal...

Trading plan completed including money management rules, clearly defining all my signals, systematizing all my knowledge/statistics, all operational guidelines and pre-market/market/post-market routines. In addition, I've been testing my methodology and getting back in tune with the market after...

Well, IMO, if you trade with a hard stop (which you should, unless you have a very good reason such as size considerations to not place an actual stop in the market), there should not be a difference between a realized and an unrealized loss as you're effectively stopped out each time.

You're absolutely right, Handle123. Correct bet size is dependent on the metrics of your system. Simply put: the better your expectancy, the more you can risk on each individual trade.

https://www.seykota.com/tribe/risk/index.htm

And when you know where to place your stop loss - your money management rules/methodology tells you if you have sufficient capital to take the trade and further how many contracts/shares to trade. Not sure what your argument is here.

I did not say those were my rules. They are Monroe Trout's rules and I brought them up here as they're relevant to the subject at hand. On an individual trade level, it means that my maximum risk when risking 1,5% per trade is 4,5 ES points per 1 contract on a 15 K account. If I can use a 2,25...

There's a lot of free stuff available. I've also hired people on UpWork to do basic stuff. Usually, you can get an indicator done for 50-100 bucks. Still, I think Ninjatrader should supply these basic indicators such as % change. I believe they have a % change indicator, BUT, they calculate it...