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BuySellSideTrader2020
Strategies are simple support/resistance and event driven...
My account size for equities is 100K
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BuySellSideTrader2020
wanna see the broker statements?
I trade equities better than futures, WHY?
easy: leverage versus your operative risk control.
futures move faster (by multiples, right?) for every tic, than their underlying equity.
Your risk control (whether discretionary, written, algo-ed, or not) will get a workout.
Why ask "why"?
easy: If you don't know why you win when you do, or why you lose when you do, you're doomed. The first fart in the market will take you (and your non-systematic system) out. You're gambling -- you're exercising with negative alpha. You're a phreaking idiot, and should give your capital away and at least get a charitable contribution tax credit.
Sheeesh.
easy: leverage versus your operative risk control.
futures move faster (by multiples, right?) for every tic, than their underlying equity.
Your risk control (whether discretionary, written, algo-ed, or not) will get a workout.
Why ask "why"?
easy: If you don't know why you win when you do, or why you lose when you do, you're doomed. The first fart in the market will take you (and your non-systematic system) out. You're gambling -- you're exercising with negative alpha. You're a phreaking idiot, and should give your capital away and at least get a charitable contribution tax credit.
Sheeesh.
Just curious, is your per day meaning: 1) everyday, 2) some of days, or 3) average daily? They are all remarkable in any of these ; even with 1 to 4 leverage that you can use up to 400K capital you are making around 1% profit per day with 3000 to 5000, 4% based on your own capital, and that is 1000% annually.
Of course trading future can even reach higher if someone is really good and consistent, 5000% to 10000% a year is achievable and has been done before and there is new attempt at ET here (sstheo is endeavoring this feat to turn 2000 to 200000 and so far he is on track).
Of course trading future can even reach higher if someone is really good and consistent, 5000% to 10000% a year is achievable and has been done before and there is new attempt at ET here (sstheo is endeavoring this feat to turn 2000 to 200000 and so far he is on track).
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WELL he writes a good headline+ even Don Bright Daytrading Co liked stocks better than futs. I'm not mainly a daytrader myself. Part of his big problem is something most have erred in; his 2019 SIF quote; '' 10 contracts per $100,000 '' [hint;I wonder why most house flippers don't start with 10 or 20 house flips/at once??].That explains a lot.
I agree with his headline; good point...……………………………………………………………………………..
Wow, that was a earful (or should I say mouthful).I trade equities better than futures, WHY?
easy: leverage versus your operative risk control.
futures move faster (by multiples, right?) for every tic, than their underlying equity.
Your risk control (whether discretionary, written, algo-ed, or not) will get a workout.
Why ask "why"?
easy: If you don't know why you win when you do, or why you lose when you do, you're doomed. The first fart in the market will take you (and your non-systematic system) out. You're gambling -- you're exercising with negative alpha. You're a phreaking idiot, and should give your capital away and at least get a charitable contribution tax credit.
Sheeesh.
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Absolutely. If you are making 5% per day you deserve an award. The Best Trader soon to be Richest Man Alive. If you stop taking out your profits daily that account will be well over $1 mil in a year and so on and so forth. Make sure you read “When Genius Failed” It’s a story about Long Term Capital Management. The short of it is your size may begin to eat into your profitability when your account reaches $1 billion plus.
Yes please, statements will make it easier to offer tailored advice