Quote from Trader_Dante:
lol come on spanish mate, you can't say things like this! It's embarrassing.
Look mate, there is no secret to making big money in the market you just need to know what you are doing, which I think you do and then curb your desire to be rich overnight. You have said youself before that you were always hitting your targets and were making money consistently but then you became unsatisfied with the amounts you were making and began to take more risk to make more return.
The reason I could do what I have done is that I didn't have the pressures on me that you have - I had a burning desire to succeed but I didn't NEED too. I had a job at the time to fall back on and I still have an income now that I can rely on so that I don't ever need to withdraw from my trading account.
Start small like many businesses. Decide on your business plan (rules for entering and exiting to avoid emotional detachment) and then make sure you have rigid risk management - whether that be 0.25% or as much as 5% risked per trade is up to you. Whether you will scale out at fixed targets, or trail a stop on the whole amount...whether you will add more and risk unrealised profits in the pursuit of big returns...all these things must be considered before one gets in the market, not after one is already in and is dealing with the emotional rollercoaster caused by a fluctuating P&L.
Look at me now for example. I am short Dow. I could take a significant profit or I can back my opinion that we are going to tank by adding more and more until I am in a position where if it goes above the high of Friday, I give back all my profit and end up with zero but if we go down and make new lows, I make serious money. That is a decision I have already made. I do not need to live off the proceeds of my trading account - it is merely a vehicle to get rich - therefore I can take risk on open profits and worry less about giving them back.
Each to their own.
And my personal advice is, as entertaining as your posts are, stop making calls on here. All you get is people at T2W saying you are lucky when you get it right and abusing you when you get it wrong.
Take some time out and trade without the distractions that come from needing to prove yourself to everyone.
Disappear for a few months or a year - come back - show everyone your account balance and tell them to go shove it.
It will be much more satisfying in the long run. Take it from someone that knows.
