Earn2Trade 2/28/19 Journal

qlai · Feb 28, 2019

Takes guts to answer that, thank you and wish you the best. Very smart of you to make this public

Btw, PnL tells me nothing ... Need to see max open draw down.

tradethereaction · Feb 28, 2019

qlai said:
Takes guts to answer that, thank you and wish you the best. Very smart of you to make this public

Btw, PnL tells me nothing ... Need to see max open draw down.

I'll try to post more statistics

CrashProof · Feb 28, 2019

Best of Luck!

cafeole · Feb 28, 2019

Good luck. BTW, what instrument are you trading?

tradethereaction · Feb 28, 2019

ES mainly and sometimes CL...

cafeole said:
Good luck. BTW, what instrument are you trading?

cafeole · Feb 28, 2019

I am doing the gauntlet myself. I am having a little difficulty with ES. I am down a little over $200 over half way through. I am considering a restart later since I don't see a way to gain over $2500 in a month the way I trade.

tradethereaction · Feb 28, 2019

cafeole said:
I am doing the gauntlet myself. I am having a little difficulty with ES. I am down a little over $200 over half way through. I am considering a restart later since I don't see a way to gain over $2500 in a month the way I trade.

I understand. I finally got some missing pieces to the method I use so hoping it translates to more consistency.

Overnight · Feb 28, 2019

qlai said:
...

Btw, PnL tells me nothing ... Need to see max open draw down.

Why does the max open draw down matter?

The max drawdown in this case is irrelevant, because there is profit, yes?

What I am getting at, and which is something I am unaware of, is do some brokers instantly close your positions if the equity vale of your account drops one penny below $0?

Nobert · Feb 28, 2019

Overnight said:
Why does the max open draw down matter?

The max drawdown in this case is irrelevant, because there is profit, yes?

What if at some point, he was down 2k, to make those 300~ ?

And if it was the same trade, then the entry point was a mess, or the profits were taken way to soon ?

Overnight · Feb 28, 2019

Nobert said:
What if at some point, he was down 2k, to make those 300~ ?

...

Again, why is that relevant? If you are sure of a direction, you may have to suffer some pull back to get there.

It is the same old argument, over and over again. Cut loses short, let profits run etc blah. So now the real issue is order entry, not order management. Because if we had proper entry points, we wouldn't HAVE to manage the orders, because they would all work in out favor with zero drawdown.

Let me tell you something. I just went through a spate of "cutting my losses short", and it fucking hurt me a lot. Trades went against me? I cut those losses short. And I came out on the wrong side of it all, because I never let the trades work. I cut their lives short.