My job is holding me back

[schizo]

Sure, but I am only willing to meet half way with this, meaning I'll need to set up another account particularly for this. I get nothing out of proving I am "right" or trying to show off, that's irrelevant to me I am trying to actually trade and build something here. So the point is I cannot make this my priority when as explained I have other duties related to trading that pay me far more, than trading my currently small account.

So, that is what it is and obviously will not do anything that potential distracts me from fulfilling my other duties or disrespects the time of others I am working with in the partnership. None the less I will set up a separate account and give this a try to the best of my abilities.

Cool, let me know when you're up and running.

 

[schizo]

It's really surprising for someone like you to think $1-2k a day on a 50k account, being made consistently without that many losing days, is like something out of this world.

That part I have no qualms with. It's the other part where you claim you have little to no losing days in 6 months of trading.

Most of the good traders that I know have series of small losing days followed by a homerun.

Anyway, I'm not here to make accusations. But that statement sounds pretty outlandish.

 

[Concinnity]

That part I have no qualms with. It's the other part where you claim you have little to no losing days in 6 months of trading.

Most of the good traders that I know have series of small losing days followed by a homerun.

Anyway, I'm not here to make accusations. But that statement sounds pretty outlandish.

I bet most of the traders you know didn't make their initial money from trading did they? I am not looking to sit here and debate this either, it's getting dumb and a waste of time. The point is not many people can actually intra-day trade at a high level.

You have people using edges from so many places, some not even related to trading to get returns. It's irrelevant to me what traders you know do, not because I want to be rude, but because it's highly likely based on what you're telling me, that their edges are coming from places that aren't even directly related to trading or based on grabbing some low hanging fruit. If you say I am incorrect and wrong, GREAT than the numbers I am saying to you or the lack of losing days, shouldn't be that big of a surprise to you.

Really just about done, people keep asking the same questions over and over that I already clarified.

Let's just all have a good evening and trade well tomorrow.

 

[schizo]

I bet most of the traders you know didn't make their initial money from trading did they? I am not looking to sit here and debate this either, it's getting dumb and a waste of time. The point is not many people can actually intra-day trade at a high level.

I dunno. I don't even know their strategy. All I look at is their bottom line and they're wildly successful at trading. But, not surprisingly, they all have losing days. In fact, quite a lot. But those losing days are small in relation to winning days.

Making 2% ($1000 profit from $50k account) is very possible. But can you do that consistently, day in and day out, for 6 months straight? I doubt it, especially if you're a retail trader.

 

[vanzandt]

I'll definitely look into this, thanks.

Not even close to your 6% daily, by a million miles.... but time time marches on.
Maybe take 25% off the market-table and just use that.
Odds are,you'll thank me later.

 

[vanzandt]

In absence of response what are we to conclude, lol.

An accident waiting to happen.
And I certainly hope not.
But nothing ever changes now does it?

 

[Darc]

How many people here are full-time Traders? Ken, MarkB, Des, obviously Concinnity ....

 

[Concinnity]

An accident waiting to happen.
And I certainly hope not.
But nothing ever changes now does it?

In absence of response to what? I don't even see his / your question. I bet it was a question I already answered and he didn't care enough to read other post, but cares enough to waste his and my time to ask again right?

 

[easymon1]

An accident waiting to happen.
And I certainly hope not.
But nothing ever changes now does it?

I think he's got it. He's playing a fast chart, has defined his parameters.
Has something of a written trading plan with some version of "The Morse Code" firmly in mind.
Break a Leg, man.

A tip of the hat to Robert Morse for his post from which this was lifted,
"The Morse Code"
'What is your process?
What triggers a buy or a sell to open?
What triggers an exit?
How do you size your trades?
When you made money, why would you say that worked when you did the same thing on another trade and it failed?'

https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706

 

[easymon1]

In absence of response to what? I don't even see his / your question. I bet it was a question I already answered and he didn't care enough to read other post, but cares enough to waste his and my time to ask again right?

Here you go...

Frankly, I think you got this, Concinnity.
For trades taken with funds from and for your own account, for your own benefit, no third parties, Would you expect to be pulling half a percent profit, on average per day, of your personal account balance? and are you sitting on ~150K?