$2,000 to $200,000 in 2020 at 2.00% per day.
- Thread starter sstheo
- Start date
Trading 1 lot these days is comparable to trading 10 lots before this market tanked. So you're only adding more risk by increasing the size. Something to think about.
Hello sstheo,
I have been trying the trailing stop idea with a few trailing stop exiting methods. I use to trade with RR < 1 as you, but I recently change to RR>1. Now I am testing different trailing stop methods that is comfortable for me.
For every trade I take, I record the results of each exiting strategy. I suggest you find about 4 trailing methods you want to explore and record the date along with your current method of trading to see how you do.
Yes. I'm not suggesting you do this on all your trades, but I'm sure you could improve performance if you once in a while instead of exiting on your standard 10 ticks on a limit instead locked in 10 ticks on a trailing stop and trailed that aggressively on a momentum move. They do happen once in a while.
Just by sheer luck alone, you should eventually find yourself riding some big winners.
Anyway, you need to figure out and decide this for yourself. At any rate, I think you're doing great. Just a suggestion that could be helpful.
@SimpleMeLike , @Laissez Faire If any market deserved an attempt at some good runners, this is it! I will try it.
You are doing a fabulous job and maintain the discipline few can ever accomplish; during this volatile time you get better return almost without draw-down, keeping your profit in a very consistent way to regular period, that is not easy and need to put in more attention and strict self discipline.
Thanks. I have been trying to get to this point for a VERY long time, since the fall of 2005. 13 1/2 years now. I don't wish the same experience on anyone. I could have earned 3 PhD's in that time! Unless someone is willing to grow their account slowly, they should not venture into this stinky smelly swamp.
But here I am now, and I have painfully earned my "Scalping PhD." And I finally got employed about 2 months ago when I started this journal. I have made $3000 so far, and hope to turn that into $30k, then $300k, then more.
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13 years sounds like a long time, however, you only do it part-time since you have a regular job, so in a condensed way it may be just 2-3 year actually (if counting full time like 8-10 hrs); in addition, many people spent 15 or 20 years doing this kind of thing, yet NOT be able to reach your kind of consistency and profitability, plenty like that out there.
So your arduous journey is hugely rewarding especially for the future if you can keep it like that, and someday sooner or later, I hope, you can basically make back all your loss (during the learning years) in a week or something like that, and after that money would be just rolling in readily after you mastering the feat; and that not only compensates you financially, but more meaningful is you would gain such confidence in life that you have tackled one of the hardest professions and you strive with all you have, your intelligence, your courage, your dedication and perseverance, to make you a winner. That is something beyond money and of immeasurable value.
The market is going slow this hour, so find something to do and type up something, may not be very coherent, just some random thoughts.
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