Possible but not probable.
More people will make $2 million playing the lottery than will ever do trading the ES.
Advice on how I should Raise Trading Capital?
- Thread starter zghorner
- Start date
Possible but not probable.
More people will make $2 million playing the lottery than will ever do trading the ES.
By now you've tried the rest. Its time now to try the best, namely The Supernatural. You don't have to believe in it, costs you nothing to just do it.
Quiet time alone, look skyward and release the problem to WHOEVER is up there generic name is God - with your request. Then sit back and go about life - and wait patiently!
Nobody at ET knows you better than you yourself. But The Supernatural knows everything about you for you are a part of HIM.
You might discover to your joy that all the while while you were spending pages asking for help here at ET, not a put down of this action, but The SuperNatural was shedding a tear in dismay as to when you would give the load to HIM TO CARRY for a bit
You can say this to HIM:
To get me stronger as a person YOU put the load on me and make me bear the pain so I can get stronger. YOu do this to me very often.
Turn it around on HIM now by saying, "I've got nothing left, all reserves of power are gone, I'm putting load back on YOU!"
Its never up to me but I already put in my request for HIM to help you.
You prayed for me?
If you read my prior post, I said 10 years is likely a good estimate for how long it would take a retail amateur to have a fighting chance in the markets. I also said that day trading can be very lucrative for a select few, but not for the many.
Price is clearly not moving randomly. Although of course there are times where it’s less predictable and more risky than others. A good trader recognizes this and stays out of the market during those times.
My post was only meant to illustrate that it’s not lack of trading capital that’s the problem, but lack of skills or a sufficient methodology.
This is interesting because according to this article you can be profitable with basic 200 ma strategy if you know when to turn on/off (start/stop) trading.
https://www.vrdnation.com/what-is-equity-curve-trading-?+best+money+management+tool+in+trading
Maybe you could stop trading at 15% acct maxDD. Go back to the drawing board and think of ways to improve the system and put it on demo. But at what %gain in the demo acct, do you go live again?
Is crossing above the moving average of the equity curve the only way?
Last edited:
Strangles- when managed make $$$$$££££€€€€€€ whatever. Price Headley's formula- when premium triples on one side you close that side out. What you do after that is up to you. Trade monthly using sensible sizing, and be patient. Also Price Headley: I have made more money sitting on my hands than I have trading. Sometimes gut is your best guide-and if it doesn't feel right, don't trade. I warned everyone else about Covid and took a hit, because I'm a rotten trader.
Yeah, nowadays programming is a big plus for automating the process via broker API.
Of course you can rent a programmer, but it's not that cheap, unless you find a relatively cheap & good one in some developing countries...
The bigger the distance of strikes the better, of course. Currently I don't make use of the greeks,
but intend to add some of them later into the game.
I'm instead using some other self-made percentages that are similar for example to delta.
I'm a little bit handicapped b/c I'm using a cash acct. Naked shorting is not possible,
only so called covered- or cash-secured- shortings are possible.
I'm using the latter one, as it's easier to do.
Last edited:
Longevity provides little advantage in this business. Vast majority, like 99%, will not be able to trade the ES profitably even after 10 years, not enough to make a living at it anyway.
I have seen smart people attempt short term trading for 10 years, they never made any money at it.
But most people have the sense to quit early, within a few months or a few years, they know if they spent 10 years they would just be wasting time.
They are just not cut out for it, no matter how hard they try.
Even if you have have an edge and patience to wait for signals, you still have to be able to take many losses in a row and be able to trade large size at some point, not many people have the emotional makeup to do those things consistently, day after day for year after year.
1) Develop a profitable game plan
2) Have the patience and discipline to wait for planned setups, then actually pull the trigger and then honour your stop loss.
3) Not get angry and upset about the inevitable losses (to the point you screw up your next trade)
4) And when things are going well to be able to trade larger size without fear
Most people are not even able to do step 1), which isn't even the hardest thing about trading.
Last edited: