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

Turveyd said:
Profit BOOM!!! Haven't traded today, no profit, but also no loss, back in Sim, till I find a method that works for well every market condition, back in 6 months, reality SUCKS!!
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what went wrong? u scalping or swinger?
 
looking to trade strategies-
looking for swing trading strategy, have a scalping for trade( net you about 8- 15 points a day minimum conservatively, max is up to you) get you about 10-20 setups a day. risk is capped at 2 points rewards 3-5 points. In and out trades and trades don't last longer than 5 mins average.
 
tenny1886 said:
what went wrong? u scalping or swinger?
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Intraday, setup system to work for STRONG market, lose a little when wrong, make a lot when right, currently it's lose a little or make a lot, but not enough so over stay welcome and end up hitting SL.

Could of banked $250 area profit, but instead all 3 trades got left to SL and -260 sucky life!! Last Trade hit SL on the money and dropped 50pts :(
 
Hi guys! I've increased my position by 50% so about 15k buy in now from before where I daytraded with 10k cost basis. Of course I have more than 25k on reserve to avoid the pdt restriction. Let's see how long this success lasts! Yeehawwwwww
 
Steven W said:
Hi guys! I've increased my position by 50% so about 15k buy in now from before where I daytraded with 10k cost basis. Of course I have more than 25k on reserve to avoid the pdt restriction. Let's see how long this success lasts!...
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So, you are scaling up. This is good.

...Yeehawwwwww
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This is bad. Your successes should humble you, not lead you to narcissism and pride. Respect money, or it will destroy you.
 
Overnight said:
So, you are scaling up. This is good.



This is bad. Your successes should humble you, not lead you to narcissism and pride. Respect money, or it will destroy you.
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I think to me my trading account is just numbers on a screen. I do not have debt or kids so money doesn't bring me much happiness except the thrill it brings. The most frustrating thing I find with daytrading is that it is hard to grow and expand like a business unless you risk more and without growth I feel empty. Six years of averaging low 100ks and I'm ready to move up. And I figured might as well make the most of it in case/before Bernie decides to kill daytrading with his outrageous .005 transaction tax. I know you guys think I was trolling but I'm not. Daytrading is the only thing I have to look forward to and that gives me excitement in my life.
 
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Steven W said:
I think to me my trading account is just numbers on a screen. I do not have debt or kids so money doesn't bring me much happiness except the thrill it brings. The most frustrating thing I find with daytrading is that it is hard to grow and expand like a business unless you risk more and without growth I feel empty. Six years of averaging low 100ks and I'm ready to move up. And I figured might as well make the most of it in case/before Bernie decides to kill daytrading with his outrageous .005% transaction tax.
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If .005% is going to kill your or anyone else's "daytrading", you're not serious at all.

Let me put that in perspective for you.

If you make $1,000,000 with that tax in effect, you pay $50. If that is too much for you, send me your money and I'll trade it for a bit more, but you won't be paying the government all that tax to pay off loans for kids you hate, who are in debt. lol!
 
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