Did my first 100 lot today

Quote from jem:

There is a huge difference between a discretionary trader who knows what is going on and a trader taking setups. The above if he is consistent must step it up while he is on and then back it off when he does not.

Van Tharp expectancy tables do not apply to a discretionary trader who knows what is happening.
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Could not agree more!

Regards

Johno
 
Quote from jem:

back when my method worked great. I scaled up size very methodically maybe 20 percent at a time. I had friends who just doubled a few times. They pulled more money out than I did when the money was easy. I like the 5 times thing. If your method works while it works you should maximize your profits. Taking a few stabs at jumping levels is the only way to trade.

If you are only making money because you have a very slight edge and you have big drawdown periods than this obviously does not apply.

I will say this I have met a lot of traders who break the "rules" and make money. (also plenty that didn't) I have not met any traders who trade by the book that make money. I am sure there are, but I just have not met them.

Good work.
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Very different to the majority of comments we see these days on ET

Regards

johno
 
Quote from Cutten:

For

Normally I trade 20 lots in the Bund, and have not gone bigger than 40. However, a while ago I read a superb (IMO) post by AMT4SWA about the psychology of stepping up to bigger

:D
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Good Gawd! Talk about the et delusions. Amt4swa is a mechanic at south west airlines. Now he is guru trader on elite? What a bizzare group
 
Quote from Sushi:

Good Gawd! Talk about the et delusions. Amt4swa is a mechanic at south west airlines. Now he is guru trader on elite? What a bizzare group
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Talk about mystery and suspense, at ET the excitement goes on and on!

Regards

Johno
 
Quote from brownsfan019:

Who has the time to find a thread buried on ET that is over 5 yrs old?

Wow.

:confused:
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I was following up on something interesting, you would be surprised at what little jems are buried in the most unexpected places!

Regards

Johno
 
Quote from sjp:

What an absolute chump. Your thought process betrays you. It is surely just a matter of time before I dance over your carcass. Never sit with size when money is on the screen. Buy ones and sell nines in 10 hours? Not for me sir...... Buy ones and sell fives 10 times in 1 hour. Go home, paint the fence. Shopping. Cinema. Meals out. Easy women. Crack.

Yours
200 lot Bund Trader
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Cutten, thanks for the post. Many folks here won't appreciate the thought process as you go thru the trade after upping your size, but those that actually trade for a living know exactly what you're speaking of/ feeling.

As for the meatball sjp, just please go away. You're a fucking wannabe nobody that tries to draw attention to yourself because of your own failings...what a tool.
 
Actually, ignore the risk management side for a moment.

Going to the OP - I am sure we all have these moments of being afraid. It may be revealing, after having some significant profits that allow one to swallow the loss outside of normal trading, to just go "large size" one or a couple of times in order to break through the fear barrier. Sometimes this is better done with a significant push than slow nagging.

If lost, lost - one still may have gotten a valuable relief out of it (hey, the market is not breaking - whow). And if it goes against, this is training fee.

Then, one can scale up "properly" according to risk management.

I personally can see how some people - even experienced traders - may just have this "i am afraid" level that needs to be resolved. And one way to do that is by really forcing through it.
 
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