What a Surprise ! Thanks for your opinion.
1ES Point / Day (Average)
- Thread starter Apophenia
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Is possible but only for really experienced trader.
I trade with a smaller margin and can keep my maximum drawdown below 16%.
Okay. As I already said somewhere I don't care about having a DD of 50% if my Risk of Ruin has a micro probability. 2K Margin from my simulations is just fine. It's not even 1/2Kelly ... Beside my margin call on last friday my max DD was 20% with not even 1K margin. Anyway I know I am well under-capitalized and also that it's stupid to overlook my Margin Call. Thx
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Sure
@wtfauoa
1. Risk management is effectively controling your downside on each trade but also over the long run. Rule #1 of risk management is to avoid ruin. So your MAX(Loss) has to be denominated in percent then translated in dollars then in ticks according to the tick value and applied leverage.
2. I'd say knowledge is fed by experiments =P But I tried to make a distinction between process and outcome. In a fuzzy and probabilistic world, bad (good) processes can generate good (bad) outcomes. What's great is following your plan (Good Process) whatever the outcome (Which over the long run should yield its fruits).
3. I don't know ...
4. A retracement can exceed 50% of the distance from the previous swing low to high.
5. When is time based and Where is price based. True. I link APPRAISAL (formal assessment) with time because that's how the price unfold ... Through time (Organic). I link EXPECTATIONS (believe something will happen) with price because we expect the price to do such and such from there (Synthetic).
Okay =D So I wish you not to make money day in day out. But to find a profitable system over time and to avoid breaking your rules. All the best.
Actually I've seen you're a registered member since 2009. When I actually got interested with trading in 2012. I should be the one asking questions
The day we think we know it all is the day we start losing. I did not post as I had no reason to post, but I have a reason now as I want to start actively daytrading the ES asap. Daytrading the ES is not an easy task, as I have watched it extensively over the years and have seen the way it can be very predictable one day, and very unpredictable the next day. This is the main reason I have decided to daytrade it, as opposed to holding positions. If I want to hold a position for a longer period I can use ES options. 1 ES point is nothing when daytrading the ES, in much the same way as commissions mean nothing if you can extract enough points with your trades. I do not plan to compete with the HFT traders, as this would be a very silly thing to try for a small retail trader.
P&L : 1.5 Pts Gross : 1.2 Pts Net : 2.65 Pts Total
Got to stay longer into my positions.
Problem is under capitalization ... Scared to take loss.
OoOoh .... It's part of the business boy !!!
Return:62% Since Inception.
MinMax:{-0.6,1.65} Mean:0.44 (Net Pts)
P(Gain):0.66 Ratio:1.89 Advantage:0.32%
Got to stay longer into my positions.
Problem is under capitalization ... Scared to take loss.
OoOoh .... It's part of the business boy !!!
Return:62% Since Inception.
MinMax:{-0.6,1.65} Mean:0.44 (Net Pts)
P(Gain):0.66 Ratio:1.89 Advantage:0.32%
P&L : 2 Pts Gross : 1.8 Pts Net : 4.45 Pts Total
I've really BSed today ...
Took a position on a feeling ... "There must be Mean Reversion !!"
Therefore I sold just before the Open then averaged down on the upside vol.
While in the meantime identifying a likely pull back toward 52.
Return:75% Since Inception.
MinMax:{-0.6,1.65} Mean:0.55 in Points Net
P(Gain):0.75 Ratio:1.89 Advantage:0.40%
I've really BSed today ...
Took a position on a feeling ... "There must be Mean Reversion !!"
Therefore I sold just before the Open then averaged down on the upside vol.
While in the meantime identifying a likely pull back toward 52.
Return:75% Since Inception.
MinMax:{-0.6,1.65} Mean:0.55 in Points Net
P(Gain):0.75 Ratio:1.89 Advantage:0.40%
Congrats!!! I have been traveling so i was not logging in ET for a little while. You were one of my 1st thoughts to check on you. I am stoked to see you still kill'n it. 1 pt at a time!
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