Ninja Trader question

Quote from SomeYoungGuy:

I call BS. If you have been consistently profitable for 9 years, why would you change anything so drastically? No way a hothead who revenge trades and needs to be locked out from controlling his own money is profitable.

Oh, and yes you did ask for advice. You posted here. If you just wanted to know how the product worked, go to NinjaTrader's own boards and search / ask. Their support is the best I have ever seen for free software.

Sounds like you just had a bad day. Don't take it out on us.
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"Why do the most successful firms in the world employ a risk manager?"

Answer the question. You've never actually worked for a company, have you?
 
Quote from Ticktaker:

Does Ninja Trader have an option to lock you out of your account once you hit a configured net loss for a trading session? If anyone knows, I'd appreciate it.

ps - I don't trust my own risk management...if you couldn't tell.

Thanks.
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No it does not.
 
Quote from Ticktaker:

Wow, completely wrong, and more than likely less seasoned than me. Read my OP. It's not a drastic change, it's a simple question, that a lot of successful traders want an answer for.

I am a modest guy who makes a better than average living, while trading futures. Sometimes people who don't understand it, don't get it first take. It's part of the business.
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Hire a bouncer-type part-time and let him sit next to you watching the PnL, when it hits a pre-defined level have him rip the power cord out of the wall.

Seriosly though, you can't just shut everything down at a certain point and leave the house/office? Run errands, play with the kids, drive around in circles etc. Find something to do that doesn't allow you to log back on.

What you're talking about is a pretty dangerous gambling mentality. Maybe you can find one of those trading coaches/psychologists to help you out. Just a suggestion.

P.S. I don't think comparing an independent trader to a firm that employs risk managers is valid. In many cases someone working at a firm doesn't have the same dis-incentives to dangerous risk taking as someone who only has their own capital on the line.
 
I'm a big fan of positive habits or "life hacking".

Why not start creating a new habit so that when X occurs you then do Y that keeps you away from the computer.
 
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