Swing Trading Global Markets - WILD Approach

Status
Not open for further replies.
Quote from gmst:

Adding 2 more at 1768. Already have 3 short position from 1756
More...

out of all at 1755.
profit on 3 from 1756 = 3 points = 150 USD
profit on 2 from 1768 = 13*2 points = 26 points = 26*50 = 1300 USD

Total profits = 1450 USD

Account Equity = 46,150 + 1,450 = 47,600 USD
 
Seems like you're doing very well with this approach.

Are you doing just as well with your real money account?

If not, maybe this is what you should be doing with your real money? :)
 
Quote from Laissez Faire:

Seems like you're doing very well with this approach.

Are you doing just as well with your real money account?

If not, maybe this is what you should be doing with your real money? :)
More...

Goal of this journal is to run 30k to 300k without encountering a 70% drawdown. If I prove to be successful in this goal, I will surely implement this approach in my real trading account :)
 
Quote from gmst:

Add 3 more short at 1762. Already have 5 short from 1758.
More...

out of these 3 adds at 1762.5 for a loss of 1.5 points
out of original 5 short from 1758 at 1762.5 for a loss of 4.5 *5 = 22.5 points

Total loss = 22.5+1.5 = 24 points = 24*50 = -1,200 USD

Account Equity = 47,600 - 1,200 = 46,400 USD
 
Quote from gmst:

New Trade: Now long 8 contracts at 1762
More...

What rules do you have for risk management?

$15 000 ago you were trading 1-4 cars, now you're trading 8?

Drawdown will happen. Make sure you don't lose all your "profits" by swinging too much size when that happens and then getting so pissed from your losses that you leverage up even more and blow up.

Personally, I think it makes sense to allocate a certain amount of capital per contract, i.e., $10.000 per contract, such that you're allowed to add contracts only for every $10.000 increase in the account.

Just as an example.

Is your live account doing just as good as this? :)
 
Quote from Laissez Faire:

What rules do you have for risk management?

$15 000 ago you were trading 1-4 cars, now you're trading 8?

Drawdown will happen. Make sure you don't lose all your "profits" by swinging too much size when that happens and then getting so pissed from your losses that you leverage up even more and blow up.

Personally, I think it makes sense to allocate a certain amount of capital per contract, i.e., $10.000 per contract, such that you're allowed to add contracts only for every $10.000 increase in the account.

Just as an example.

Is your live account doing just as good as this? :)
More...

Hi, I increased the size as I gained confidence and as I thought long is a fairly high probability trade here. Thanks for reminding me that drawdowns will happen. And it might get psychologically tough for me to trade with a clear head then.

Live account :) its a different story, its mostly intraday and a lot of it is systematic. its doing ok but the risk parameters are tighter there. This journal is swinging for the fences kind of journal - go big or go home kind of stuff.
 
Status
Not open for further replies.
Back
Top