It does not, lol. Btw, you do not need to trade tomorrow or even all of April. Don’t get caught going what poker players call “on tilt”. It will blow you up
$2,000 to $200,000 in 2020 at 2.00% per day.
- Thread starter sstheo
- Start date
You could always try an offset swing trade. Those are fun to kinoodle yer noodle!
Nah, just kidding, stick with what you feel and with what works. Althought, mess around in sim with some ideas though. Take a day off and play, you did good this week, we're proud of you.
You talked about doing a full at 10K but I would wait since 4 percent drawdown on 1 contract could happen in a heartbeat at that level. $400 or 8 ES points, 32 ticks adds up fast.
To be quite honest I think 50K is the realistic number to trade futures for most; otherwise the scared money syndrome and compounding drawdowns lead a super majority to blowout.
Of course your case seems different as others will no doubt be as well, depending on win rates and expected value per avg. trade, etc. It's just days like today would be a disaster and will happen again unfortunately and sometimes in a series as well.
To be quite honest I think 50K is the realistic number to trade futures for most; otherwise the scared money syndrome and compounding drawdowns lead a super majority to blowout.
Of course your case seems different as others will no doubt be as well, depending on win rates and expected value per avg. trade, etc. It's just days like today would be a disaster and will happen again unfortunately and sometimes in a series as well.
why didn't you say so...
youtube.com/watch?v=u3S_uxwn3ZU&feature=youtu.be&t=588
you're still at the table, count your money at the end of the month.
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Good luck.
when I’m calm, no risk on, and being logical I can tell myself to (and follow through on) waiting for the right setup to fall into place. There is no way I’m generating anything close to a 10,000% return otherwise, right?
When I have risk on or when I just closed out a trade regardless of the end result, my adrenaline is going and I’m personally prone to making the wrong next move. So I personally have to adhere to this and it’s why I passed the nugget along.
I let the morning play out, which was good because I probably would have munched it big time.
I actually decided to trade, and did all long trades near the low of the day, ending up about $50 after commission on 16 trades. I was in full scalp mode and most of my trades were just 5 ticks on the MES. I had 2 losses.
The red ellipse shows my favorite trade of the day-- which was a long off of a support even though we had just come down hard and fast.
Here is the chart for the day. Unfortunately, my connecting lines are messed up big time and won't display correctly.
(Start at the bottom)
Great way to end the week, but better yet--
My daughter is coming back from Bolivia today. She was on a religious mission for 18 months, but is ending 3 months early because of the coronavirus. The US embassy helped us get her out of the country even though all of Bolivia is in lock down. My daughter will have to self-quarantine for 2 weeks.
I actually decided to trade, and did all long trades near the low of the day, ending up about $50 after commission on 16 trades. I was in full scalp mode and most of my trades were just 5 ticks on the MES. I had 2 losses.
The red ellipse shows my favorite trade of the day-- which was a long off of a support even though we had just come down hard and fast.
Here is the chart for the day. Unfortunately, my connecting lines are messed up big time and won't display correctly.
(Start at the bottom)
Great way to end the week, but better yet--
My daughter is coming back from Bolivia today. She was on a religious mission for 18 months, but is ending 3 months early because of the coronavirus. The US embassy helped us get her out of the country even though all of Bolivia is in lock down. My daughter will have to self-quarantine for 2 weeks.
to see this in action, go see my journal. im glad you had success!
Sorry you took such a big hit. Recovery will be hard and slow, but you can do it.