Pushing It
- Thread starter bronks
- Start date
You push yourself? You are doing it yourself what "they" want to do to you? "They" must be very pleased by having more like you around.
Easy--
I have no gumption about about taking on 5 ES mini's with a $5000.00 acct.
I need to clarify this a bit. Whether he knows it or not, Trendfader (Mike) planted a seed in my head about not being able to be successful in daytrading the mini's. Also the legions who say that you need a decent sum of money to survive.
I hate being told what to do.
And I really hate general statements that are regarded as truth.
$5000.00 is where it stays until I either blow it up or run it to the moon. So far, I've done neither. Been up as much as 30%. Down as much as 50%.
I have no gumption about about taking on 5 ES mini's with a $5000.00 acct.
I need to clarify this a bit. Whether he knows it or not, Trendfader (Mike) planted a seed in my head about not being able to be successful in daytrading the mini's. Also the legions who say that you need a decent sum of money to survive.
I hate being told what to do.
And I really hate general statements that are regarded as truth.
$5000.00 is where it stays until I either blow it up or run it to the moon. So far, I've done neither. Been up as much as 30%. Down as much as 50%.
Bronks,
Going back to your first post you wrote:
"I'm seriously consistent but can't get over the hump." I would say that you are consistently encountering humps. Trading 5 ES mini's with a $5000 account is OK if your drawdown is almost zero (and you get a $1000 margin per contract). What you call a hump is a poor estimation of your expected drawdown. Only backtesting your strategy rigorously can help you IMHO. This is an absolute must given your figures, otherwise it's gambling.
nononsense
bronks,
You are not alone in this.....we have all had the same problem with exceeding the "comfort zone" with trading many contracts. I find most of my losses were due to be uncomfortable with the drawdown and not allowing for the muliple contracts. With 1 contract you have to stand say $100 before saying uncle, with 10 you need to withstand $1000.
We all hate to lose money.
You are not alone in this.....we have all had the same problem with exceeding the "comfort zone" with trading many contracts. I find most of my losses were due to be uncomfortable with the drawdown and not allowing for the muliple contracts. With 1 contract you have to stand say $100 before saying uncle, with 10 you need to withstand $1000.
We all hate to lose money.
