Entering my first trade today, estimation to richness in 2 years

[Stefo]

Quote from Elitist Trader:

Be CAREFUL!! You might want to hedge your trade in case you lose any money.

I would do that if I knew how

 

[Stefo]

I chickened out and made 80 bucks

 

[college_trad3r]

why not hedge your ES with NQ or YM?

 

[Stefo]

Quote from college_trad3r:

why not hedge your ES with NQ or YM?

and how many contracts do you think I can afford

Mr. I thought everyone is rich like me

 

[Elitist Trader]

Quote from Stefo:

I would do that if I knew how

Ok,

Step one: Drink this bottle of vodka.

Step two: Open a position of the exact same size, on the same instrument, that is opposite to your current position. That way you will never loose money. Every traders dream


xoxox
Elitist Trader

 

[Stefo]

Quote from Elitist Trader:

Ok,

Step one: Drink this bottle of vodka.

Step two: Open a position of the exact same size, on the same instrument, that is opposite to your current position. That way you will never loose money. Every traders dream

I don't know sir, sounds awful easy

 

[Stefo]

damn if I didn't chicken out I would make 80 more

 

[Jacob Fries]

Quote from Stefo:

damn if I didn't chicken out I would make 80 more

You went silent on us. If you trade an emini instrument and average $80 per day, per contract, I'd say you've got an edge.

 

[gasy]

Quote from Jacob Fries:

You went silent on us. If you trade an emini instrument and average $80 per day, per contract, I'd say you've got an edge.

and you think ET is where people should stay on ?

and inform people like you ?

pleaaassseeeeeeee