Perhaps the desire to be right triumphs over the desire to make money?
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Perhaps the desire to be right triumphs over the desire to make money?
How much heat can you take?
Will add at 2676
you're assuming he's done a meaningful position size relative to his account.
Eh? what does this mean?
It means that I have been practicing in sim for experiencing protracted holding periods with a large loser hanging in the breeze. But my studying has shown that holding those March NQ longs should recover by expiry. It is not a matter of trying to be "right" over "making money", but playing it out in the real world, not in sim. The sucky thing is that I am playing the game in RL now...Do nothing and hold until positive for potentially 3 months, or close out now and spend those 3 months working back to break-even with many smaller bites. In sim it was a tough choice, but I usually leaned towards closing the loss and climbing back up. Now it is an even tougher choice.
True.
You've seen the sort of 'size' I trade. Very small size!
On average, I make about 5 ES handles per day for the last few years with my long only strategy. That's about £100-£150 per day or so at my stakes.
I can afford for the ES to go to numbers that they will NEVER go too before my previous profits have gone, lol
I'll close this trade in the 2700's
They have one of these sort of down moves ever few weeks. No biggie