I am bored of small wins. Would it be dumb to risk more to make it rich?

[MarkBrown]

i purposely lose a couple million (but my max was 5mm) just to get my attention back on trading. you haven't lived until you make over 1mm a day so i say go for it you have earned it.

see where that dom button says 10 change that to 500 and don't look at the p/l just trade the shit outta it.

if the clearing firm calls you don't answer the phone they will be calling about margin, that's just a distraction.

oh and change markets trade the es futures.

 

[ElCubano]

no no no... YOLO! lol.

I can put all my portfolio in treasuries and fade into the sunset lol.... but where is the thrill in doing that... 95% equity allocation all the way.

btw OP wasn't sensational enough... yes $130k is too small, I'd be bored too.... pull in a few 7-figures and then we are talking lol.

at $130k he earns 700% more than the avg salary of the rest of the planet. But pushing while the iron is hot like another OP said is also good advice.

 

[pipeguy]

I am up 130k for the year but not a millionaire yet. Trading feels boring to me. 1k a day feels like a grind. Would it be foolish to bet more to make 30k a day or so? There have been many times I have been kicking myself for not being greedy

Variance of your returns can get out of control, including the reason of higher emotional pressure. That's the only weakness that comes to mind when somebody intends to take higher risks

 

[ironchef]

Determine your Kelly Criterion, it is mathematically your optimum bet size once your Kelly is firmly established.

However, be aware that if you bet Kelly, even though you may optimize your gain, your risk of ruin is high and as one of the posters said, you won't be around to post on ET in the future.

Best is bet fractional Kelly. Even trading legends like Ed Thorp was betting fractional Kelly.

 

[Turveyd]

To be fair I don't even get out of bed for less than 130K these days *






* Remembers I only have LITERALLY 4p in my personal account ( damn 20years younger blonde nympho ), maybe I should stop being so lazy.

 

[MarkBrown]

To be fair I don't even get out of bed for less than 130K these days *

per day right otherwise that would be a low goal, lol.

 

[GrowleyMonster]

If I was up $130k halfway into the year, I wouldn't change a thing until the market made a significant change.

 

[Turveyd]

If I was up $130k halfway into the year, I wouldn't change a thing until the market made a significant change.

When being a millionaire isn't enough in 4years time, without spending any, then you've got issues!!

 

[MKTrader]

When being a millionaire isn't enough in 4years time, without spending any, then you've got issues!!

Like lying...or exaggerating at the very least...maybe?

 

[Turveyd]

Like lying...or exaggerating at the very least...maybe?

Yeah! Ploy to attract OPM.

When I make 2k in 6months I'm well happy, then lose it next day being greedy ofcourse lol

P.s. made some real money account back over 4p briefly.