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  1. alistera

    How much pips away do you set stop loss?

    Scalping ~2-3pips with 10-15pip profit target, 1-2times per week that scalp moves 30-50pips, 1-2times per month that scalp moves 100-200pips, most people use 0.5% to 2% of account balance per trade, never had much respect for that, using a multiple of timeframe ATR gives you a good starting point.
  2. alistera

    Why do traders find it difficult to make money?

    If you have $5k account daytrading EuroFX Futures your notional value of capital is ~$1.1mil at 15-20%pa as a professional trader, there will be one or two people on this site that have experience of those numbers, the rest are trading leverage based on physical brokerage balance which the...
  3. alistera

    How does over-leveraging affect trading?

    Leverage = notional value of your capital
  4. alistera

    What is a satisfactory return according to you?

    Satisfactory is 7-10%pa on brokerage account balance and standard assets classes, above trend is 15-20%pa
  5. alistera

    The Real Reason Traders Fail

    It's simpler, people don't understand the value they're trading, a hedge fund at 20%pa on $1mil unit with 1&10 creates $10kpa fees excluding performance. Most people trading equities can generate 5%/10%/20%pa even with 1% training budget and $10k capital, but they try to generate...
  6. alistera

    suggestions on funding your trading account for new traders

    Seconds trading on any instrument and any asset class is unreliable, the banking systems aren't accurate enough so the time and the price push past support/resistance points which on any other timeframe work. Depends how much capital you are deploying, how much average profit per trade you are...
  7. alistera

    Down to about $90k, where would you park it if your trading skills were trash?

    It just shows how parasitic these public environments are, people can't even quote psychology correctly, everyone giving small bits of advice while underlying it they are all trading against themselves to make sure their losses are smaller than the next person. If your point was you can make...
  8. alistera

    Down to about $90k, where would you park it if your trading skills were trash?

    Or maybe I'm explaining to new people that if they target high win low loss rates with profit targets on variable change using infrequent trades - which aren't infrequent if you use low timeframe as the dynamics are the same across timeframes and building up over the timeframe cycles, while...
  9. alistera

    Down to about $90k, where would you park it if your trading skills were trash?

    Absolutely no, it is not best most of your trades are winners and you have a high profit per trade, because you could not achieve those results without exposing your capital to massive losses, what I am saying is you need to be shown how to expose less capital while generating better returns...
  10. alistera

    Down to about $90k, where would you park it if your trading skills were trash?

    Incorrect, but this is most of the problem with public sites, lack of underlying education, you don't need larger position sizing unless you have fixed take profit points, the markets don't work that way because of one simple aspect, you didn't take in to account timeframes, in the Market...
  11. alistera

    Down to about $90k, where would you park it if your trading skills were trash?

    And that's the way it should be, you want wisdom in the hands of right people not just anyone, I know how to target it but that comes with lifestyle choices, anyway. Now I'm not saying this is what I could do myself, but I do know people that would help if the alpha fee was correct, to recover...
  12. alistera

    What's the Biggest Reason Why Traders Fail?

    "So are you implying that making $200k from $1M is more difficult than, say, making $20K from $100K or $2K from $10K?" Incorrect, you are going in completely the wrong direction, murray turtle gets it, but that's what happens when you come from a more rudimentary background looking up and...
  13. alistera

    Down to about $90k, where would you park it if your trading skills were trash?

    But what if it's true, never ceases to amaze how people need to say what you're saying simply because they didn't spend the years making good choices and therefore have no capacity to do it themselves.
  14. alistera

    What's the Biggest Reason Why Traders Fail?

    I have a unique skillset using software which the largest exchanges and finance houses implement with many years experience, paying $1200-$1500/day usually, this past week an agent came to me of some consulting using it, on asking the relevant questions it was $500/day, pointed out were they...
  15. alistera

    Down to about $90k, where would you park it if your trading skills were trash?

    That's not the reason fasting works, and only then for days until it inverts, but it's a pretty draconian way to achieve something, there are better ways. Desperation is the first way to lose money in the markets, you are competing with HNW and above, if you don't have their calm and patience...
  16. alistera

    Down to about $90k, where would you park it if your trading skills were trash?

    There are a lot of assumptions in your comments, the fact that the guy who lost over $100,000 trading above his lifestyle range likes your comment shows everything that Einstein commented was correct, everyone comes in to the markets with too high expectations and few lower them enough to...
  17. alistera

    Down to about $90k, where would you park it if your trading skills were trash?

    One thing I can tell you, no one pays money for algos, they either try to appropriate them or build themselves, as after all, how hard can it be, as for the amounts you allocate 20% of net worth to the financial markets, which makes $220k capital a millionaire, if you allocate more than 20% you...
  18. alistera

    Thoughts on a few futures brokers I've used -- From a 25+ Year Trader

    Margin matters in futures and as everyone says IB is one of the worst, they uplift margins at every opportunity even over night liquidating positions, mostly use them for stocks, discount no frills futures brokers often are the best because they don't play around with your capital, like deleting...
  19. alistera

    I love the transparency of this market....

    Yet maybe not, simply because the institutional price for crypto when absorbed in to the fiat world is $2k to $5k depending on the metrics used, everyone wanted crypto to be more accessible to the public, be careful what you wish for. Sure it could spike up to $150k which is where everything...
  20. alistera

    Down to about $90k, where would you park it if your trading skills were trash?

    This is what will happen next, as you expose your capital in recovery you will at some point (months maybe quarters) experience a loss event from trying too hard along with market cycles, this will take your recovery profits back to zero. At which point if you don't liquidate and start again at...
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