Success in life and in Trading

Overnight said:
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.
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Hello Overnight,

How is going captain?

Thanks for the motivation sir. I really appreciate it.

Well, the biggest challenge right now is the zeal to keep going once that intraday 2 losses or more in a roll occur while trading during my 2 hour window.

I seriously will not have an issue with refraining from scaling up. I seriously do not want to scale up. I am good with my $100 per day.
 
MacBookProHo said:
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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Hello MacBookProHo,

How is going bossman?

Thanks for the comments and response.

As far maximize winners. YUKKK:vomit::vomit::vomit::vomit: Are you referring to holding winners and manually managing big runners?? No offense, but FUCK everything in the world that has to do with holding winners. I hate that crap. Yukkkkkk. makes me wanna throw up. Yukkkkk, I hate holding winners. I scalp buddy. Please do not take offense to me, but ugghhhh, yuuukkkk, holding winners while manually discretionary trading, Gives me headache just thinking about it. My God, I will never do again.

I rather swim in gasoline near a barn fire with red fire ants on my dick, before I try to maximize winners and hold runners. :vomit::vomit::vomit::vomit:


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.
 
SimpleMeLike said:
I rather swim in gasoline near a barn fire with red fire ants on my dick, before I try to maximize winners and hold runners. :vomit::vomit::vomit::vomit:
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Acutally I take that back.

I rather just not have a dick at all before I ever in my life try to maximize winners and hold runners and swing trade and get the most profits per trade. yeah just chop my dick off before I ever do that again. yuukkk:vomit::vomit::vomit:


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.
 
Overnight said:
2 points per day in the ES on a single contract is certainly an achievable goal.
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It is not!, if it were there would be many traders earning $4000 a day ($1M per year) by trading ES with a 40 lot position size and aiming for just 2 points.

Those pesky losing trades get in the way and stop us reaching even such a modest daily goal of just 2 ES points every day.
 
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Millionaire said:
It is not!, if it were there would be many traders earning $4000 a day ($1M per year) by trading ES with a 40 lot position size and aiming for just 2 points...
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I believe it is with the way the ES has been trading for the past few years, with 50+ point ranges. I would be trying it now were I not in that pesky long with no stop.
 
Overnight said:
I believe it is with the way the ES has been trading for the past few years, with 50+ point ranges. I would be trying it now were I not in that pesky long with no stop.
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Recent volatility makes little difference.
You either have to use a stop in which case you will get stopped out often and so have losing days.
Or use a 2 point target and no stop in which case you will have many winning days but give back most, it not all, of your winnings in just one bad day.
 
Millionaire said:
Recent volatility makes little difference.
You either have to use a stop in which case you will get stopped out often and so have losing days.
Or use a 2 point target and no stop in which case you will have many winning days but give back most it not all of your winnings in just one bad day.
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Yes, I know all of that. But the longer you have losers, the longer it takes to get to the goal intraday. THAT is the tricky part for sure.

First trade is a winner, done for the day.

First trade of the day is a loser? It could take all day to get back to BE, much less daily target. Very annoying.
 
Overnight said:
Yes, I know all of that. But the longer you have losers, the longer it takes to get to the goal intraday. THAT is the tricky part for sure.
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I have found it is easier to aim for big winnings days every now and then, and have small losing days often. Win rate below 50%.
Rather than try and make a small profit like 2 points with a high win rate. That is the dream, everyone wants a high win rate, but it is not how directional trading works in reality.
 
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