Make money on the financial markets or Let the profits take care of themselves

Current results
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I didn't trade gold flash-crash exactly, but take some profit on GC, SI after.
The good news is that my profit-factor is >2 now.
 
Trading challenge with hard risk management

Market - CME
Instruments - most liquid futures on indexes (ES, NQ), gold (GC), currencies (6E, 6B, 6A, 6J)
Max account loss $40k ($20к + $10к + $10к, by day, max allowed, sequentially)
Profit target $80к.
Intraday only.
No any positions during important news releases.
Traling drawdown $30к to achievement $40к profit ("breakeven"), after that - all risks is only from profit!
Minimum contracts traded is 5, maximum contracts traded is 15 to achievement "breakeven" (20 if low tick cost), after that - 15+ via pyramiding on trend following and in accordance with max day loss.

Maximum challenge duration is 2 calendar months.

Let's Go!
 
trade_for_all said:
Guys, we live in real world, where cooperation brings more effective results... Individuals can't achieve significant results without team of supporters... How about AAPL-startup in 1976 and others?

I'm from Kiev, Ukraine. My trade opportunities isn't enough to start right now and in next 18 month.

Moreover, the hero of Limitless 2011 movie was said by big boss that he wants to become the best without paying significant price for that!
More...

You are on the right path with partner idea. Pay no attention to the "lone wolf" types. They live in a delusional world.

surf
 
Ok, there is some intermidiate results after 2 weeks of the trading.
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All executed trades are the next one:
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It was 3 active trading days.
After the first 2 trading days I had involed into trading >5k of a profit. So I could add 5 contracts to max number of 20 contracts. The added risk was only from the profit.
A start max intraday margin is 20k (1k per contract howewer many of a brokers allow 0.5k). A max risk is 40k. So, I need for trading total 60k.
The main goal is not to force myself to trade EVERY day.
 
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Trading looks good. I couldn't tell from your results, but if you have multiple positions open at one time, the risk can really add up. Also, futures can really be brutal with adverse moves. Make sure to have your stops in early.
 
johnbennett103 said:
Trading looks good. I couldn't tell from your results, but if you have multiple positions open at one time, the risk can really add up. Also, futures can really be brutal with adverse moves. Make sure to have your stops in early.
More...

1)If I will trade N uncorrelated instruments I get a square root of N less total drawdown. The same applies to uncorrelated trading systems.
2) My max day loss is 20k, so I have to calculate my stops from this point of view. Now I trade 1 instrument at once.
 
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