My job is holding me back

easymon1 said:
Here you go...
More...


I already explained the reason I have third parties involved. If I had 150k, I wouldn't need or even want to involve anyone else.

Half a percent on my account per day? if I couldn't do that, I would even bother trading. Some of the money I make goes to bills as well, so it's not like I have a pure compounding account (on my end).
 
easymon1 said:
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
More...


"A fast chart". Nice so you're one of the people who will tell me it's ok to do analysis on a 5 minute chart, but a 4 minute and 59 second chart is too fast. That's basically your argument, when you make comments like "fast chart" you just don't know enough about the markets to realize it.

That's not a slight, just letting you know.
 
Concinnity said:
This is the biggest joke yet brother, if I was sitting on 150k I'd be already starting to build an empire.
More...

You hardly ever have losing days. So open a $10K account at AMP. You can trade 5NQs and still have room for 4 losing trades.

You don't even have to start with $1000 risk, just start by risking $160 (8pts on 1NQ lot) on a $10K account, and quickly scale up as you make profits.

Don't even have $10K? then start with $5K, $160 of risk is fine on a $5K account, if your win rate is good.
 
Last edited:
Businessman said:
You hardly ever have losing days. So open a $10K account at AMP. You can trade 5NQs and still have room for 4 losing trades.

You don't even have to start with $1000 risk, just start with $160 (8pts on 1NQ lot) on a $10K account, and quickly scale up as you make profits.

Don't even have $10K then start with $5K, $160 of risk is fine for a 5K account.
More...


One minute you under estimate the math and the next minute you exaggerate it. One minute you criticize me for being too risky and now you're asking why don't I risk more. I have to assume you're doing it on purpose to troll or maybe you just truly don't get it. Clearly explained to you the numbers I am using to get the math and what size I feel comfortable currently trading at per contract.

Mentality is a big part of trading too obviously. So, I am not going to trade any higher size that makes me uncomfortable, until I am confident via forward testing. that I can size up even more. Why would I be stupid and do that? No need too.
 
Concinnity said:
Mentality is a big part of trading too obviously. So, I am not going to trade any higher size that makes me uncomfortable, until I am confident via forward testing. that I can size up even more. Why would I be stupid and do that? No need too.
More...

You are risking $160 per NQ contract (8 pts). That is not much risk.

You don't need $25K per NQ contract, $10K is fine, even $5K is enough to start with if you dont have $10K.
 
Last edited:
You must log in or register to reply here.
Back
Top