Hello MacBookProHo,
I answered your comments and questions in this post.
Thanks,
https://www.elitetrader.com/et/threads/success-in-life-and-in-trading.368232/page-4#post-5630081
Success in life and in Trading
- Thread starter zdreg
- Start date
I answered your comments and questions in this post.
Thanks,
https://www.elitetrader.com/et/threads/success-in-life-and-in-trading.368232/page-4#post-5630081
I just don't understand why you have such limiting beliefs, desires and wants.
If you truly have the ability to rob a bank or win the lottery....why would you demand you only take $500, or $100? Clean out the entire thing.
You're so obsessed, and focused, on that $100. Like I said, forget about the money.
Just refine, and do and understand the process of the trade.....if you can truly master that....you have broken the money dam wide open for a gush of water, instead of a tiny stream straw.
Hi again SimpleMeLike,
I am sure you already know this.
It is unlikely you can make $100 consistently every day, trading a hard market like ES or MES, this business is not like a regular paying job. Where you make a profit every day. Let alone the same amount of profit every day.
If you can find a profitable strategy it will be something like this, (im just making up these numbers as an example):
-100, 500, -50, 200, -50
Net profit $500 after 5 days. So $100 a day average.
And even profitability every 5 days might be unrealistic. You could still have many losing weeks. Averaging $2200 over a month (so $100 a day) might be a better aim.
But I am sure you already know this.
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All about ego and eternal glory. Very irrational and stupid. That's why smart humans invented bicycles and cars, so they don't need to run like that. I more prefer moderate success and not dying in the process.
Remember, it's not just about getting wealthy but also staying wealthy.
I've acheived a million percent of what others expect, but our kleptocracy keeps stealing it.
Hello Millionaire,
How it goes buddy? Thanks for the response.
Yes, I know that already. My goal is to make $100 per day trading and is never every changing. Losing days are simply no longer acceptable for my trading business.
Full Disclaimer: I am ONLY a consistent profitable trader for 2 months now. Please see my comments as my opinions only. I have zero proof of anything I say longer than 2 months. My comments are probably worth a penny with a hole in it or the dog poop at the dog park.
Hello MacBookProHo
How it goes big bossman? Thanks for the response.
Yes, I know that already. My goal is to make $100 per day trading and is never every changing until the day I die. Losing days are simply no longer acceptable for my trading business. I removed that average stuff from my brain.
Full Disclaimer: I am ONLY a consistent profitable trader for 2 months now. Please see my comments as my opinions only. I have zero proof of anything I say longer than 2 months. My comments are probably worth a penny with a hole in it or the dog poop at the dog park.
That's a lotta percent
No one is a Prophet, no one has only winning days/trades.
You should look at your day trades....from a collective weekly or monthly scale 'average' per day.
That's why it's important to minimize trade losses, and maximize trade wins as best as you can to pump up that average per day.
Being obsessed about winning every day, producing money every day from the market...will turn you completely manic and paranoid.
Make your report card weekly or monthly....to gauge your average per day trade.
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2 points per day in the ES on a single contract is certainly an achievable goal. I think the real challenge you will face, and probably already have, is having the discipline to stay at $100, once it becomes easy for you to do.