I am ready!
- Thread starter ES Shooter
- Start date
I think the conventional wisdom in risk management should not be used to judge Shooter's trading in his account that started with 400 bucks of capital.
I consider his current trading more like an experiment to build his account from a tiny size to a decent size. His maximum loss of capital is only $400. But if he were able to build the account size to a significant one (for example, above $100k) through aggressive trading, he could then freely shift to a much more conservative style. It seems that he already has a plan for this.
Good luck to you, Shooter!
I consider his current trading more like an experiment to build his account from a tiny size to a decent size. His maximum loss of capital is only $400. But if he were able to build the account size to a significant one (for example, above $100k) through aggressive trading, he could then freely shift to a much more conservative style. It seems that he already has a plan for this.
Good luck to you, Shooter!
Hey guys, let him present himself and his trading style - do not disturb him... Evidently he is here not because he needs help...
It will be fun
Don't act like you are not impressed.
Right Brain speaking. 
For the record traders do not deserve any respect. We are just speculating and gambling in a rigged game. This is not productive nor does it create wealth. You could argue that we take the price risk from commercials, institutions, producers, and wholesalers in commodities, but realistically with the disappearance of the live auction pits they no longer serve any purpose. When I was a broker at CBOT very few and disappearing fast where commercial interests looking to offset price risk.
It is just a very specific skill set to be successful in this. About as deserving of respect as the skills of a poker player are.
The whores and sluts of both wall street and lasalle street (Chicago/futures) have done nothing but parasitically live off the real wealth creation and production of mainstreet through expropriation, scams, and outright theft. How many lives, capital, fortunes, and savings were destroyed in the hands of charlatans, drug addicts, conmen, faux heroes, NYSE floor specialists that manipulate stocks, brokers that pump and dump stocks, rigged market making black boxes (CME), gold pumpers, bozos, hacks, and snake oil salesmen!??!?
Wake up people. Never risk anything more than fun money and don't glorify yourself.
For the record traders do not deserve any respect. We are just speculating and gambling in a rigged game. This is not productive nor does it create wealth. You could argue that we take the price risk from commercials, institutions, producers, and wholesalers in commodities, but realistically with the disappearance of the live auction pits they no longer serve any purpose. When I was a broker at CBOT very few and disappearing fast where commercial interests looking to offset price risk.
It is just a very specific skill set to be successful in this. About as deserving of respect as the skills of a poker player are.
The whores and sluts of both wall street and lasalle street (Chicago/futures) have done nothing but parasitically live off the real wealth creation and production of mainstreet through expropriation, scams, and outright theft. How many lives, capital, fortunes, and savings were destroyed in the hands of charlatans, drug addicts, conmen, faux heroes, NYSE floor specialists that manipulate stocks, brokers that pump and dump stocks, rigged market making black boxes (CME), gold pumpers, bozos, hacks, and snake oil salesmen!??!?
Wake up people. Never risk anything more than fun money and don't glorify yourself.
i know it's rigged and i adjust accordingly.
con the conmen.
think what would i do if i was them. then do opposite.
con the conmen.
think what would i do if i was them. then do opposite.
It was a pretty nice bear trap tday. I did not think after yesterday we would see a retest again since yest was a retest of the fed low. Now es needs to break 1953.75 in order to retest 1960. Wait and see.......
u mean to say u heard small traders lose almost everyday. And, every month they reload their account after blowing up
More than 90% of small traders lose! They just lose!
The point of this is to prove if you know wtf you are doing you can make it. Once I was up to 6200 I let the risk run further then I should have. Really I should have waited for a clearer signal before putting on a position. Right now acct balance 5900. So interpret it as you like. But I am guessing you are speaking from your own experience