A. If you get a chance, would appreciate comments on todays trades.
D.
D.
AHG - Profitable Strategy for Struggling Traders
- Thread starter Anekdoten
- Start date
- Status
Hey,
Just my thoughts.....awesome day, you made roughly 6 points on the ES in one day. If you could net that a week and build size you could make a very nice living (ie: 6 points a week x 4 weeks x $50 a point x 10 cars = $12,000, take away some commish of say something conservative of $4,000 = $8,000 a month x 12 months = $96,000 a year....and 10 cars ain't much to build up to if you have a solid consistent strategy IMHO)......You could have 2 small losing days, 2 small winning days and then a nice +6 point day like this per week and still earn a nice living is my point, which is why gotta keep the losers small in general and the losing days small as well as compared to the monster trend days which happen easily 4 - 6 times a month where you make all your gravy.....JMHO..... Good work today I would say.
Cheers
Just my thoughts.....awesome day, you made roughly 6 points on the ES in one day. If you could net that a week and build size you could make a very nice living (ie: 6 points a week x 4 weeks x $50 a point x 10 cars = $12,000, take away some commish of say something conservative of $4,000 = $8,000 a month x 12 months = $96,000 a year....and 10 cars ain't much to build up to if you have a solid consistent strategy IMHO)......You could have 2 small losing days, 2 small winning days and then a nice +6 point day like this per week and still earn a nice living is my point, which is why gotta keep the losers small in general and the losing days small as well as compared to the monster trend days which happen easily 4 - 6 times a month where you make all your gravy.....JMHO..... Good work today I would say.
Cheers
Averaging down, say it isn't so.
That's only for newbies or traders with infinite capital.
I keep saying the greatest trading skill ever is discipline, people laugh. I let them.
Do you know how many small losses I take a week ? Too many to count.
Small losses are normal, necessary, and definitely part of SUCCESSFUL trading.
Anek
K,
Nothing that comes remotely close to discretionary trading. I wish I had developed something that could replicate HALF of my hand trading profits so I could spend more time with the family, exercise more and just enjoy life with more freedom.
Unfortunately, nothing, I have failed at it time after time, it is my trading nemesis.
Anek
- Status