hi et =)

[niko79542]

You original post is a bit lacking in details. What were you trading in January that caused you to blow up? Cryptos?

No, my main product is options on small cap Nasdaq stocks. The strategy produces 1-2 trade signals per year. I battle my own impatience, as well as the desire to stretch the rules of the strategy and bet the whole account on 1 trade, due to the infrequency of signals.

Although if i never broke the cardinal rule of fixed position risk (say 10% of acct size), none of the above would be a career ending issue!

 

[southall]

Although if i never broke the cardinal rule of fixed position risk (say 10% of acct size), none of the above would be a career ending issue!

10% is still pretty insane as 5 losses in row is around half the account.

Get back to the day job and in the meantime come up with ways to double your account risking only between 1% to 5% of the account on lots of small trades.

I had to go back to my day job in 2002 and 2005 after i failed at full time trading twice.

 

[s0mmi]

Here's my reply to Nik (the OP) and his strategy (my reply is in yellow)