To correct this comment and to give my post a context, I was trading capital at 94% and themargin requirement was 1200 Dollars per contract.
Thus to trade the 5 contracts you see traded by anticipating a trend somewhat over 6.000 dollars was in the account I traded. I keep 6% on hand before the daily sentiment to cover the costs of doing the trades. About 4.80 per round trip is required (around 200 dollars a day in costs)
as anyone who did the calculations found out, the gross profit was 1,312.50 for the trades. I do market trades and plan for a slippage of 3 ticks per side for each action. This means I give up carving turns while doing beginner trading.
So for Friday the capital was 6000 dollars plus trading cost money (200) and the gross was 1300 dollars more or less.
All this means is that on Monday I trades 6 contracts and had only 112 dollars to pay for costs.
By trading to make enough to add one contract a day with as little money as possible, then it is possible to enjoy a pleasant life style with this kind of exponential capital growth.
In the past I did post consecutive opening trades using 100K. Unedr these circum stances, you saw five digit net profits per trade. Then costs are measured in thousands.
I posted the group of attachments to show how students do trading. Beginners called the trades and they also did the charts you saw.
the person providing the misinformation above, felt that I failed to provide a blotter ans, thus my post was useless. He aslo said in another post he almost made 4% on that day I posted. 4% of capital on one day is something he feels is acceptable. Making three ticks per contract a day is not what I feel is acceptable. Making three ticks per contract per trade is not vey productive either.
Money is made by knowing you know all of the time the system of the market's operation. finite math provides this system. The system is the market context.
By appliying money ofr one contract plus costs, any systematic person can quickly rise to five contracts in an anccount. five contracts grwo to 10 and 10 grow to 20 , etc.... Soon person get to be able to post blotters for trading 100k as is stated above. when blotters of those opening trades were posted, almost no one could read them
Perkelo showed all of us he did not know when commission expenses were taken nor did he know how settlement works.
In these times, we have responses from people who sound like cry babies.
6 and 1/2 hours plus 6k plus costs allows a beginner to add one contract a day to increase his trading effectivenss and efficiency.
Use the chart to see how it could be traded by an expert.
I handed out 6 - 3 by 5 cards to beginners for doing this trading on a trading platform The cards have the following titles: EXIT; Hold; Any entry; wait; reentry; and preserve $. There is one other card. It is six rows long. The last column is one word per row. a single word is in the row: In, out or hold. Anyone in the room can say the word.
Each trader can look at his performance at the end of each day. Go to OS to platform to log and print the log done by the computer. You will be amazed by the amount of time that elapses (see right column) between sensing and taking a behaviorial action (see instructions going to IB).
Drownpruf chose a very good handle cos he's a lazy cry baby apparently.
for less than half of my trading career, the PC has been around. The PC is capable of letting a person be ariculate. He can note the trading context expertly. See 30 min channels for sentiment and see 5 min charts for anticipating trades. All the annotations come from printed look up tables. Everything is free.
What day trading is worth is diificult to say. For drownpruf it is not worth it. For me, it is a leisure activity. that gives me a mental workout.
